Section 168 Work Truck Tax Deduction Tucson AZ

 

Section 168 - Your Business Tax Advantage in Tucson

Now is the time to purchase the additional trucks or vans needed for your business. Current tax regulations provide for bonus depreciation that allows you to deduct up to 100% of your truck purchase(s) in the year it was placed in service. In a 33% tax bracket, you could save up to $25,000 or more on your taxes this year with the purchase of a qualifying Ram® truck or van.*

Section 168 Questions?

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Contact

Larry H. Miller Dodge Ram Tucson

4220 E. 22nd St.
Directions Tucson, AZ 85711-5337

  • Sales: (520) 777-1436
  • Service: (520) 612-0557
  • Parts: (520) 762-6129

Hours

  • Monday 8:30am-9:00pm
  • Tuesday 8:30am-9:00pm
  • Wednesday 8:30am-9:00pm
  • Thursday 8:30am-9:00pm
  • Friday 8:30am-9:00pm
  • Saturday 8:30am-9:00pm
  • Sunday Closed
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* Example given based on $75,000 vehicle purchase price. Consult your tax professional to determine your vehicle depreciation and tax benefits. The listed property expensing restrictions provided in Section 280F do not apply to a vehicle that is considered to be a qualified non-personal use vehicle. A qualified non-personal use vehicle is by virtue of its nature or design not likely to be used more than a de minimis amount for personal purposes. For more information, see Income Tax Regulation Section 1.280F-6(c)(3)(iii), Income Tax Regulation Section 1.274-5(k)(7), Publication 946 - How to Depreciate Property, and consult your tax advisor as to the proper tax treatment of all business vehicle purchases in 2018. Alternatively, current tax regulations may allow you to expense up to 100% of your truck purchases in your first year of ownership up to the $1,000,000 aggregate dollar limitation, except for Ram ProMaster City Cargo Van, which qualifies for up to $18,000 of the purchase cost in the first year. This is not tax advice. Ram is a registered trademark of FCA US LLC.

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