Write Off Your Business Vehicle On This Year’s Taxes WithThe Section 179 Tax Deduction
Ready to boost your business potential at Scheidemantle Motors? Visit our Jeep dealership in Hermitage to comprehensively learn about the 2024 Section 179 tax advantages.
Is it time to add a new Jeep Compass to your corporate fleet? Or are you interested in whether your favorite Ram 1500 qualifies under Section 179? Our knowledgeable Jeep finance team is ready to provide the extensive commercial vehicle tax details you need.


Understanding Section 179
Section 179 is a tax initiative introduced by the U.S. government that aims to motivate businesses to reinvest by reducing the tax load associated with financing or leasing necessary equipment, such as new vehicles. This provision enables businesses to subtract the full purchase price of qualifying commercial Ram vehicles bought during the tax year from their gross income. It's especially advantageous for small- and medium-sized businesses, allowing them to grow their operations while reducing their overall tax liability.
Which Vehicles Are Eligible for Section 179 Tax Deductions?
Enjoy significant savings when you buy an eligible van, truck or new Jeep SUV from our local Ram dealership. If you have inquiries about the qualification criteria for Section 179 or if your preferred Jeep Grand Cherokee is covered, we're eager to assist. Enhance your fleet with qualifying new SUVs and used Ram trucks at Scheidemantle Motors that may be applicable for Section 179 savings, such as:
- 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®
What Are the Restrictions on Section 179?
In 2024, the maximum limit on Section 179 tax deductions is set at $1,220,000.1 Whether you're signing a new Jeep SUV lease in Hermitage or financing a used commercial van nearby -- the vehicle must be new to your business. Please note that the Bonus Depreciation for this year is at 80%.
To qualify for Section 179 deductions, the vehicle must be put into use prior to December 31, 2024. It must also be utilized primarily for business purposes, and your business’ name should be featured on the vehicle's title. Want more information? Come by our nearby Jeep dealer today and we’ll gladly explain all pertinent details related to the 2024 Section 179 tax code.
Commercial Vehicles for Sale Near Me
Do you have questions regarding the 2024 limits on Section 179 expenses? Require a comprehensive review of tax-eligible commercial vehicles and more? Contact Scheidemantle Motors and consult with our skilled team today!
1 Information is accurate at the time of writing. Refer to dealer for specific details.