Have you been searching for practical ways to reduce your business expenses while upgrading your vehicle fleet? Let us introduce you to the Section 179 tax deduction. This essential IRS tax benefit was created to support small and medium-sized businesses by empowering them to deduct up to 100% of the cost of eligible vehicles for business use.1
To take advantage of significant Section 179 tax savings, your Chevrolet must be purchased and placed in service before December 31, 2025.1 Visit our Chevy dealership near San Jose now to discover the new or pre-owned Chevy trucks and vans your business needs to stay competitive and efficient!
What Are the Section 179 Tax Deduction Limits for 2025?
Section 179 is designed with the interests of small and midsize businesses in mind. That's why certain spending limits apply when determining your eligible deduction amount. For tax year 2025, your business can write off up to $2,500,000 under current rules, provided you don't exceed the $4,000,000 spending cap.1 If your total spending on qualifying Section 179 assets goes above that limit, the deduction will begin to phase out.
For 2025, Bonus Depreciation rates are 100%.1 Like Section 179, claiming Bonus Depreciation allows you to enjoy beneficial tax treatment for purchasing vehicles and other assets for your business. To learn more about how these rules apply to your situation, we recommend speaking with your CPA or tax accountant.
Which Chevy Vehicles Qualify for Section 179?
Section 179 provisions allow you to deduct up to the full purchase price of eligible Chevrolet commercial vehicles.1 You might also be able to claim partial deductions on standard passenger vehicles, provided they are used for business at least 50% of the time. Another pro tip is that used cars or trucks qualify just like a new Chevy does. What matters is that the vehicle is new to you.
Some of the commercial Chevrolet trucks eligible for Section 179 savings at our dealership include:
- Select Chevrolet Silverado 1500 configurations
- Chevrolet Silverado 2500 HD - 6500 HD trucks
- Chevrolet Silverado HD Chassis Cabs
- Chevrolet Express Cutaway, Cargo Vans
- Select Chevrolet Express Passenger Van configurations
- Chevrolet Low Cab Forward
- Chevrolet BrightDrop 400 & 600 Vans
Passenger vehicles that qualify for a deduction of up to 100% of the purchase price include:
- Chevrolet Blazer & Blazer EV
- Select Chevrolet Colorado models
- Chevrolet Equinox EV
- Chevrolet Suburban
- Chevrolet Tahoe
- Chevrolet Traverse
- Chevrolet Silverado EV WT
Chevy Commercial Sales Near San Jose, CA
Want to clarify how to maximize value from your Chevrolet truck or van purchase with Section 179 tax deductions? Contact Stewart Chevrolet to meet with our knowledgeable finance specialists and review your Section 179 opportunities. We'll walk you through deduction limits, vehicle eligibility and more so you can enjoy bigger business tax breaks you may be eligible for!
Learn More:Why Buy from Us? | Chevy Truck Lineup | Buy vs. Lease a Chevy
1Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.