Section 179
Section 179 Tax Deduction for Commercial Vehicles in Crystal Lake, IL
Section 179 is a provision of the federal tax code that allows businesses to deduct the full purchase price of qualifying equipment, like a Ram ProMaster Cargo Van or a Ram work truck that your business bought and used for business purposes during the tax year. With the passage of the One Big Beautiful Bill Act of 2025, the provisions are more generous than before. When you purchase an eligible vehicle and use it for business purposes, you can deduct up to 100 percent of the amount you spend when you file your tax return.
Make note of improvements in the Section 179 tax deduction
Thanks to upgrades in the One Big Beautiful Bill Act, some positive changes have been made to Section 179 as well as the bonus depreciation provision, and they take effect for the 2025 tax year. A Section 179 deduction can now be claimed by Elgin, IL businesses that spend less than $6.5 million per year on eligible equipment like a Ram ProMaster Cargo Van used for business purposes. The percentage of qualified purchases that may qualify for a bonus depreciation adjustment has been raised to a full 100 percent.
More details on how Section 179 has changed
In prior years, the IRS limited Section 179 deductions at $1,250,000, with a phase-out that began at $3,130,000. The new law increases the deduction limit to $2.5 million, and the phase-out is now $4 million. The Section 179 deduction benefits are available for small and midsize businesses in Glendale Heights, IL that spend less than $6.5 million for capital equipment like a Ram ProMaster Cargo Van.
Vehicle eligibility guidelines
Aurora, IL business owners can take advantage of Section 179 deductions for vehicles with a weight that exceeds 6,000 pounds. That means heavy-duty Ram trucks and Ram ProMaster Cargo vans would be eligible if used for business purposes. Your tax advisor can provide specific information for your Addison, IL business. Then visit a specialist in our finance center for more information about Section 179-eligible vehicles at Al Piemonte Chrysler Dodge Jeep Ram in Crystal Lake, IL.
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Al Piemonte Chrysler Dodge Jeep Ram
5404 S State Route 31
Crystal Lake, IL 60012-3725
- Sales: 815-201-5404
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