Benefit from Section 179 Tax Deductions Near Columbus, OH

Are you planning to increase your vehicle fleet? Want to increase business operations? Now is the perfect time to take advantage of the Section 179 tax deduction! This tax savings incentive is designed for small- to medium-sized businesses, providing them with significant financial benefits by allowing them to deduct the full purchase price of eligible vehicles.1

Findlay Chrysler Dodge Jeep Ram has an impressive variety of Ram trucks, Jeep SUVs, Dodge models and Chrysler vehicles eligible for partial or full deductions.

To be eligible for a Section 179 deduction in this tax year, it is required that you purchase and use your vehicle before December 31, 2023.1 Don’t miss this opportunity! Explore the selection of commercial vehicles at our Jeep and Ram dealer near Columbus to discover how much you can save.

2023 Ram Trucks in a dirt lot
2023 Jeep Grand Cherokees driving through rough terrain

2023 Section 179 Tax Deduction Limits

The prime goal of Section 179 is to aid the growth and success of local businesses. Thus, there are specific caps set on what a business can deduct in a year. The Section 179 deduction limits for 2023 include:1

  • 2023 Section 179 Deduction Limit: $1,160,000 — applies to new and used equipment, provided the equipment is new to you.
  • 2023 Bonus Deprecation: 80% — valid on new and used equipment.
  • Passenger Vehicles Deduction Cap: Eligible vehicles like pickups and heavy SUVs weighing between 6,000 and 14,000 pounds may receive a maximum first-year deduction of $28,900.

Qualifications for Section 179

A wide range of vehicles from our dealership, from new Ram trucks to used Jeep SUVs, could qualify for the Section 179 tax benefit. The crucial factor is that the vehicle must be new to you. The following models are potentially eligible for at least partial Section 179 deductions:

  • Chrysler Pacifica
  • Dodge Durango
  • Dodge Grand Caravan
  • Jeep Grand Cherokee
  • Jeep Grand Cherokee L
  • Jeep Wrangler Unlimited
  • Jeep Gladiator Rubicon
  • Ram 1500
  • Ram 2500
  • Ram 3500
  • Ram ProMaster®