During the first year of purchase and use of select new Chrysler vehicles, you could get a deduction of up to 100% of the Total Purchase Price per vehicle on your federal tax return.
Discover if you’re eligible for a tax write-off for vehicles and learn how your vehicle purchase price can help you save when you file your taxes.
A Chrysler vehicle may be considered Section 179 property or qualified property for purposes of Section 168(k) for US federal income tax purposes.
Depending on your tax situation and/or bonuses in play, this can mean that SUVs and Crossovers with a gross vehicle weight rating (GWVR) exceeding 6,000 pounds but no more than 14,000 pounds may be eligible for up to 100% of the purchase price when combined with a bonus during the first year of ownership, and when the vehicle is used exclusively for business purposes. Section 179 deduction caps at $31,300 for vehicles over 6,000 pounds.
The Vehicle should be placed in service before January 1, 2026, and also meet other conditions. Tax situations may vary for each individual. Federal rules and tax guidelines are subject to change. Consult your tax professional to determine your vehicle depreciation and tax benefits applicable to your business.
Ready to crunch the numbers? Use the First-Year Depreciation Calculator to calculate tax benefits for your small business. All fields are required. Include the cost of any qualifying upfits in your total cost. This calculator is for estimation purposes. Consult a tax or financial professional for more information.
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