Take Advantage of the Section 179 Tax Deduction in Mississippi
Boost your business efficiency with a new commercial vehicle from Pine Belt Chrysler Dodge Jeep Ram. Our Dodge, Chrysler, Jeep and Ram dealership near Sumrall is thrilled to offer an array of trucks, SUVs and vans that qualify for the beneficial Section 179 tax deduction.
What is Section 179? It’s a fantastic incentive allowing you to write off the entire purchase price of an eligible vehicle on your 2024 taxes. To take advantage of this deduction, be sure to purchase and place your vehicle into service by December 31, 2024.
Contact us today to begin the process of enhancing your business! Explore our robust collection of job-ready Ram 2500 trucks or perhaps choose a new Jeep Gladiator -- these are just a few of the capable commercial vehicles we have available that may qualify for the Section 179 tax incentive. Drive your business forward by visiting Pine Belt Chrysler Dodge Jeep Ram in Hattiesburg, where our team is ready to guide you through our vast commercial inventory to find the perfect fit for your business ambitions.
Understanding the 2024 Section 179 Deduction Limits
Designed to support small- and medium-sized businesses, Section 179 alleviates the financial burden associated with acquiring new vehicles. The tax code specifies clear guidelines tailored for its intended users. The key details for this year include:1
- 2024 Deduction Limit: $1,220,000
- Valid on new and used equipment (must be new to buyer), either purchased or leased.
- 2024 Spending Cap: $3,050,000
- Upon reaching this cap, deduction is reduced on dollar-for-dollar basis.
- 2024 Bonus Depreciation: 60%
- This tax benefit enables a business to deduct a substantial percentage of the purchase price of qualifying assets immediately.
- Typically claimed after the Spending Cap is achieved.
- Applicable to both new and used cars for sale.
Eligible Vehicles for Section 179 in Sumrall, MS
The qualifying new Ram, Jeep, Dodge and Chrysler models that you might be able to claim Section 179 tax benefits for include:1
- Ram 1500
- Ram 2500
- Ram 3500
- Chrysler Pacifica
- Dodge Durango
- Jeep Grand Cherokee & Grand Cherokee L
- Jeep Wrangler Unlimited
- Jeep Gladiator
Your Destination for Ram Commercial Vehicles Near Sumrall, MS
If you're eager to find out more about which Ram vehicles and other models qualify for the Section 179 deduction, or if you’re looking to arrange a test-drive, don’t hesitate to contact Pine Belt Chrysler Dodge Jeep Ram. Our committed commercial vehicle department is your hub for high-quality trucks, adaptable fleet vans and exclusive offers. Seize the opportunity for Section 179 tax savings right away!
1 Information accurate at the time of publishing. Refer to https://www.section179.org for the most current specifics.