INCENTIVES FOR SMALL BUSINESS OWNERS
2023 FIRST YEAR DEPRECIATION LIMITS
UP TO 80% OF THE TOTAL PURCHASE PRICE DEDUCTION PER VEHICLE
GLADIATOR:
• Rubicon
• All models with available Max Tow Package
• Mojave
• All models with 3.0L EcoDiesel V6 engine
GRAND CHEROKEE (two-row and three-row):
• All trims
GRAND CHEROKEE 4xe:
• All trims
WRANGLER:
• Rubicon 392
• All Wrangler 4xe Models
• 3.6L Rubicon 4-door with Xtreme Recon Package
THE DETAILS
Now is the time to purchase the additional vehicle(s) needed for your business. 80% expensing for federal income tax purposes may be available on your next Jeep® Brand vehicle purchase.
SECTION 168(K) TEMPORARY 80% 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 $1,160,000 of Section 179 property during 2023. Consult your tax professional to determine your vehicle depreciation and tax benefits.