Melloy Ram – Benefits of Ram Commercial Vehicles serving Alamogordo NM
If you are looking for a way to save money on your taxes while growing your business, you may want to consider buying a Ram truck or van for your fleet. Ram Commercial vehicles offer generous tax benefits that can help you deduct up to 100% of the total purchase price of select models on your federal tax return. Contact our Ram Commercial Fleet to learn more.
There are two main tax incentives that apply to Ram Commercial vehicles: Section 168(k) and Section 179. Section 168(k) allows you to expense the cost of any qualified property as a deduction for the taxable year in which the property is acquired and placed in service. Section 179 allows you to treat the cost of any Section 179 property as an expense and allowed as a deduction for the same taxable year. A qualifying business may expense up to $1,160,000 of Section 179 during 20231. Consult your tax professional to determine your vehicle depreciation and tax benefits. Melloy Ram is serving Alamogordo NM. Also serving Silver City, Clovis, and Albuquerque New Mexico.
