Chevy Section 179 Tax Deduction Info
Glendora Chevrolet makes it easier for business owners to expand their fleet while benefiting from Section 179 tax savings. With a range of capable commercial vehicles, we have options to suit every business need. If you'd like to save with the Section 179 tax code, just come visit our lot!
Shop our selection of Chevrolet commercial vehicles for sale and learn more about the Section 179 tax deduction at our Chevy dealership near San Dimas. If you'd like to buy a Chevy work truck or cargo van or have questions about Section 179 deduction limits, just let us know. We'll give you all the information you need to save on your vehicle!
Discover Chevy Commercial Vehicles Eligible for Section 179
When shopping for a new commercial vehicle, know that there are a number of Chevy vehicles that can qualify for the Section 179 tax deduction. So long as the vehicle is used for work purposes at least 50% of the time and put into service before December 31, 2025, up to the full purchase price can be written off on taxes. This deduction applies to both new and used vehicles -- what matters is it's new to you!
Whether you'd like to buy a new Chevy work truck or pre-owned SUV, you'll be able to save with Section 179.
Qualifying Chevy Section 179 vehicles can include:
Learn More: 2025 Chevy Silverado 1500 Research
Understanding Section 179 Deduction Limits
Have questions about the specifics of the Section 179 tax deduction? Let's break it down for you! There are some limitations and caps you should be aware of.
The Section 179 specifics include:1
- 2025 Deduction Limit: $1,250,000
- Valid on new and used equipment (must be new to buyer), either purchased or leased.
- 2025 Spending Cap: $3,130,000
- Upon reaching this cap, deduction is reduced on dollar-for-dollar basis.
- 2025 Bonus Depreciation: 40%
- This tax benefit enables a business to deduct a substantial percentage of the purchase price of qualifying assets immediately.
- Typically claimed after the Spending Cap is achieved.
- Applicable to both new and used vehicles.
Take Advantage of Section 179 at Glendora Chevrolet
Our knowledgeable staff is ready to explain how Section 179 can benefit your business. Visit us today to learn more about our commercial vehicles and take the first step to maximize your tax savings. Our team will be happy to assist you, so contact Glendora Chevrolet and we'll help you find the right truck, van or SUV for your business needs.
Learn More: Why Buy from Us?
1 Information accurate as of publishing date. Please consult https://www.section179.org for the most up-to-date details.