2026 Section 179 Tax Savings in Keene, NH
As a business owner in New Hampshire, maximizing your financial savings is crucial, and the Section 179 tax deduction provides an excellent opportunity to do just that. At Keene Chrysler Dodge Jeep Ram, we're committed to helping you leverage this tax incentive to enhance your business's operational efficiency. By deducting up to the full purchase price of qualifying business vehicles, Section 179 provides immediate tax relief on purchases made for business use.
Understanding Section 179 Tax Deductions
Section 179 is not just an expense deduction; it allows businesses to take a comprehensive approach to update their fleets. For 2026, the Section 179 limits are as follows:
- 2026 Deduction Limit: $2,560,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2026 Spending Cap: $4,090,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Deduction begins to be reduced on a dollar-for-dollar basis -- this cap is what makes it a "small business tax incentive"
- Complete phase-out at $6,650,000
- 2026 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20261
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Eligible Vehicles at Keene Chrysler Dodge Jeep Ram
Both new and used vehicles can qualify for Section 179 tax savings -- what matters most is that the vehicle is "new to you." While many work-specific vehicles qualify for a 100% deduction, traditional passenger vehicles may still be eligible for partial deductions so long as they're used for work purposes at least 50% of the time.1
Here's a breakdown of Section 179 deductions based on vehicle type:
New & Used Vocational Trucks and Vans | Full Section 179 deduction available1 |
Heavy SUVs & Trucks (Over 6,000 lbs. GVW) (excludes some pickups/vans) | $32,000 maximum Section 1791 |
Cars, Light Trucks & SUVs (Under 6,000 lbs.) | Subject to IRS "luxury auto" depreciation limits (Section 280F)1 |
Our extensive selection of qualifying vehicles includes versatile options such as:
Explore these models at our Keene Ram and Jeep dealer, where our knowledgeable staff can demonstrate how each vehicle can enhance your business operations.
Why Buy from Keene Chrysler Dodge Jeep Ram?
We understand that choosing the right vehicle is a significant decision, and our commitment to customer satisfaction ensures you're equipped with all the information needed. With a dedicated finance team experienced in handling commercial purchases, we offer seamless transactions that maximizes your investment. Visit our showroom or contact Keene Chrysler Dodge Jeep Ram today to learn more about current offers and schedule commercial vehicle test-drives.
Learn More: Work Trucks | New Vehicle Specials | Car-Buying Tips
Ram 1500 Overview | Jeep Grand Cherokee Overview | Ram ProMaster EV Overview
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
2026 Section 179 FAQs
Can vehicles be deducted under Section 179?
Yes, vehicles can be deducted under Section 179 if they are purchased or leased, titled in the company's name and used for business purposes more than half the time.
Does Section 179 apply for used car purchases?
Yes, Section 179 applies to used vehicles as long as the vehicle is new to the buyer and meets all other eligibility requirements.
Can Section 179 be claimed multiple times?
Section 179 can be claimed for multiple qualifying purchases in the same tax year, up to the annual deduction limit and spending cap.
What is the Section 179 tax deduction limit?
The 2026 Section 179 tax deduction limit is $2,560,000.
What is the 2026 Section 179 spending cap?
The 2026 Section 179 spending cap is $4,090,000, with the deduction beginning to phase out above this amount and a complete phase-out at $6,650,000.