As the year comes to a close, the last thing you're probably thinking about is taxes. But while the hustle and bustle of the holiday season is at the forefront of many drivers minds, we here at Port Jeff Chrysler Dodge Jeep Ram want you to know that you can set your business on great footing for the start of 2021 by taking advantage of IRS Section 179 today. With great tax advantages to be had on many new commercial vehicles for sale at our Port Jefferson, NY, we think you'll find that you can't afford not to take advantage of this attractive opportunity.
Now, a lot of folks might think that navigating the jargon and minutiae of IRS Section 179 may seem like a headache and a half, but trust us when we say that it couldn't be simpler to understand.
You see, in years past, if you wanted to purchase a work vehicle like one of the new Ram trucks or cargo vans for sale at our Port Jefferson, NY dealership, you'd have to deduct its cost from your taxes over the course of a number of years.
However, with IRS Section 179 recently permanently codified by act of Congress, you may now deduct some or all of the purchase price of a commercial vehicle from your taxes the very same year you purchase it. Some stipulations apply, but provided you buy or lease the vehicle and put it into service before December 31st 2020, you'll be all set to offset your taxable income by the vehicle's cost in the very same year.
So, if you're looking to add to your fleet or get your small business on the road with a new Ram work truck or cargo van, feel free to get in touch with us here at Port Jeff Chrysler Dodge Jeep Ram to see how you can take advantage of attractive deals on our commercial vehicle lineup before the year is out.