At Fox Chrysler Dodge Jeep Ram, we provide work trucks for business owners as part of our commercial vehicle lineup, when buy purchase commercial vehicles, you might be eligible for tax credits on a federal and state level. We're here to make sure you know the basics at our Grand Rapids dealership as the year ends and tax filing season approaches.
You can follow our commercial vehicle tax credit guide here at the dealership. There are various options to know when purchasing a Ram truck or van for work, and we can provide insight and details to give you a basic understanding of what you might qualify for at tax season.
This includes knowing the two main tax credits: Section 168(k), which is a deduction of costs if the vehicle is used 100 percent for your business needs, along with Section 179, which states a "new to you" truck or van is used more than 50 percent of the time for business. These have various weight and other restrictions, which are detailed on our website, or you can reach out to a member of our commercial trucks team who can help you to figure out which tax credit you might apply for when filing for state and federal taxes with your business.
This is for business owners who use their vehicles for industries and trades like construction, contracting, plumbing, utilities, and more, and not for those who use their vehicles for work in rideshare or delivery apps, as there are potential separate credits for those options, as well. To get started, contact our commercial truck center here in Grand Rapids, serving drivers in Kalamazoo and we'd be happy to get started.
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