INCENTIVES FOR SMALL BUSINESS OWNERS
2025 FIRST-YEAR DEPRECIATION
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 with Section 179.
• Wagoneer
• Grand Wagoneer
• Grand Cherokee Gas (2-Row and 3-Row L)
• Wrangler Gas (Select Trims)
• Gladiator (Select Trims)
THE DETAILS
Now is the time to purchase the additional vehicle(s) needed for your business.
SECTION 168(K) TEMPORARY 60% EXPENSING
Select Jeep® Brand trucks and SUVs are generally considered qualified property for purposes of section 168(k) for U.S. 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 EXPENSING( DisclosureThis incentive is offered by a third party and is subject to change without notice. Please confirm this information to ensure its accuracy and availability. Consult a tax professional for details and eligibility requirements.)
A Jeep® Brand vehicle is generally considered Section 179 property for U.S. federal income tax purposes. 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. A qualifying business may expense up to $1,220,000 of Section 179 property during 2024. Consult your tax professional to determine your vehicle depreciation and tax benefits.