INCENTIVES FOR SMALL BUSINESS OWNERS
2026 FIRST YEAR DEPRECIATION LIMITS
During the first year of purchase and use of select new Jeep® Brand vehicles, you could get a deduction of up to 100% of the total purchase price per vehicle on your federal tax return for qualifying vehicles in the first tax year that they are placed in service. To qualify for 100% expensing, the vehicle(s) must be acquired and placed in service after January 19, 2026.
- Jeep® Wrangler 2-Door
- Jeep® Wrangler 4-Door
- Jeep® Gladiator
- Jeep® Recon
- Jeep® Cherokee
- Jeep® Grand Cherokee
- Jeep® Grand Cherokee L (3-Row)
- Jeep® Compass
- Jeep® Grand Wagoneer
- Jeep® Grand Wagoneer L
- Jeep® Wagoneer S
THE DETAILS
Now is the time to purchase the additional vehicle(s) needed for your business.
SECTION 168(K) 100% EXPENSING
Select Jeep® Brand trucks and SUVs are generally considered qualified property for purposes of section 168(k) for US federal income tax purposes. This means a taxpayer may elect to treat the cost of any qualified property as an expense allowed as a deduction for the taxable year in which the property is acquired and placed in service. Consult your tax professional to determine your vehicle depreciation and tax benefits.
SECTION 179 FIRST-YEAR EXPENSINGDisclosure
A Jeep® Brand vehicle is generally considered Section 179 property for US federal income tax purposes, so long as it has a Gross Vehicle Weight Rating of between 6,000 and 14,000 pounds. This means a taxpayer may elect to treat the cost of any Section 179 property as an expense and be allowed to take it as a deduction for the taxable year in which the property is acquired and placed in service. Consult your tax professional to determine your vehicle depreciation and tax benefits.