New Tax Breaks on New CJDR Vehicles

A new federal tax deduction* lets qualifying customers deduct up to $10,000 annually on interest paid for new vehicles. Many CJDR vehicles are proudly assembled right here in the U.S.**, making them eligible for this tax break. That means you can drive a quality CJDR and keep more of your hard-earned money. It's a win for your wallet, and a win for America.

What Is Section 179?

It's a new way to potentially save on your taxes when you finance a new vehicle. You may be able to deduct up to $10,000 in annual interest paid for new vehicles assembled right here in the U.S. This applies whether you itemize deductions or take the standard deduction.

Are their income limits?

Yes, the deduction starts to phase out for individuals earning over $100,000 (or $200,000 for married couples filing jointly).

What kind of auto debt qualifies?

This deduction is for financing personal vehicles only. It doesn't apply to business or fleet purchases, and leases are not included.

Is there a purchase by date?

It applies to interest paid on new vehicles financed after December 31, 2024, for tax years 2025 through 2028. Contracts refinanced before 2025 don't qualify.

Which CJDR vehicles are eligible?

Your dealer can confirm specific models, but many CJDR vehicles assembled in the U.S. qualify.

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*Disclaimer: The information on this page is provided solely for general informational and marketing purposes and is not tax, legal, or accounting advice.

Marion Chrysler Dodge Jeep Ram is not a tax advisor, CPA firm, or law firm and does not represent that any particular vehicle, finance structure, or customer will qualify for any specific federal, state, or local tax deduction, credit, or other tax benefit, including but not limited to the vehicle interest deduction or Section 179 expensing. Tax laws, IRS guidance, vehicle eligibility, and deduction limits change frequently and can vary based on your individual circumstances, business structure, and how you use the vehicle (personal vs. business use, percentage of business use, GVWR, placed‑in‑service date, etc.).

Before claiming any deduction or relying on any potential tax benefit described here, you are solely responsible for consulting with a qualified, independent tax professional or attorney who can evaluate your specific situation and provide advice tailored to you.

By using this information, you agree that Walterboro Ford, its owners, employees, and affiliates shall have no responsibility or liability for any tax positions you take, for any credits or deductions you do or do not receive, or for any penalties, interest, or additional tax assessed by any taxing authority.