Chevy Section 179 Tax Deduction in Colma, CA
If you own a small business or work for yourself near San Francisco, the Section 179 tax deduction for tax year 2026 can help you invest in the work vehicles that keep your operation moving. Our family-owned Chevy dealership near San Francisco has served the local community since 1933, and our team is here to walk you through business-ready Chevy trucks, vans and SUVs and connect you with financing that fits your goals.
After reviewing the Section 179 advantages, consult a qualified tax professional to confirm how Section 179 applies to your specific situation.
2026 Section 179 Tax Deduction Overview and Limits
Section 179 is a federal tax incentive that lets qualifying businesses deduct the cost of eligible equipment, including certain business-use vehicles, in the year they're purchased and placed into service. Review the general guidelines below, then talk with your tax advisor about your situation before making a purchase.
- 2026 Deduction Limit: $2,560,0001 - good on new and used equipment as long as it's new to the buyer, whether purchased or leased.
- 2026 Spending Cap: $4,090,0001 - 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, which makes it a true small-business incentive, with complete phase-out at $6,650,000.
- 2026 Bonus Depreciation: 100%1 - 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 and applying to both new and used.
Eligible equipment must be purchased and put into use before Dec. 31, 20261, must be used for business purposes more than 50% of the time and must be titled in the company's name rather than the owner's name.
Which Chevy Vehicles Qualify for Section 179?
How a Chevy qualifies under Section 179 depends largely on its Gross Vehicle Weight Rating (GVWR) and how it's used for your business. Heavier, work-focused vehicles are generally treated more favorably than lighter passenger vehicles, so the categories below matter as you plan your purchase. You can browse our new Chevy vans, trucks and SUVs to see what fits the way you work.
- New and Used Vocational Trucks and Vans: full Section 179 deduction available1.
- Heavy SUVs and Trucks (Over 6,000 lbs. GVW, excludes some pickups/vans): $32,000 maximum Section 1791.
- Cars, Light Trucks and SUVs (Under 6,000 lbs.): subject to IRS "luxury auto" depreciation limits (Section 280F)1.
Our team can help you match a qualifying gas or electric Chevy truck, van or SUV to your business, and your tax professional can confirm which category applies to your purchase. Whether you want to buy a Chevy Silverado 1500, Silverado HD, Suburban SUV or another model, you'll find what you desire here.
How Do I Use the Section 179 Tax Incentive?
Taking advantage of Section 179 starts with choosing a qualifying Chevy and putting it into business use before December 31, 2026. You'll generally need to document that the vehicle is used for business purposes more than 50% of the time and that it's titled in your company's name rather than a personal name. When you're ready, you can apply for financing with our Chevy finance team in Colma, though your accountant or tax professional should always confirm the exact deduction you can claim.
Commercial Chevy Vehicles for Sale near San Francisco
Business owners near San Francisco turn to our team because we're a proud dealership that consistentyly gives back every chance we get. Visit us in Colma or contact our team today to find a qualifying Chevy before the December 31, 2026 deadline.
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
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Stewart Chevrolet Section 179 Tax Deduction FAQs
Can vehicles be deducted under Section 179?
Yes - certain business-use vehicles can be deducted under Section 179 when they're purchased and placed into service before December 31, 2026. How much may be deducted depends on the vehicle's Gross Vehicle Weight Rating and business-use percentage, so review the categories above and consult a qualified tax professional. Our team near San Francisco can help you find a qualifying truck, van or SUV.
Does Section 179 apply for used car purchases?
Yes - Section 179 applies to both new and used equipment, as long as the vehicle is new to the buyer and placed into business use before the year-end deadline. We carry both new and used Chevy models in Colma, giving you flexibility in your purchasing decision. A qualified tax professional can confirm whether a specific used Chevy meets all eligibility requirements.
Can Section 179 be claimed multiple times?
Businesses can generally use Section 179 in more than one tax year and on more than one qualifying purchase, subject to the annual deduction limit and spending cap shown above. Each vehicle must still meet the business-use and titling requirements to qualify. Speak with your CPA or tax advisor to plan purchases that make sense for your business near San Francisco.
What is the Section 179 tax deduction limit?
Section 179 has an annual deduction limit along with a spending cap that begins to reduce the deduction on a dollar-for-dollar basis, which is what makes it a true small-business incentive. The current figures and phase-out details are outlined in the overview above. Because these amounts may be updated by legislation, always confirm the latest limits with a qualified tax professional.
What is the 2026 Section 179 spending cap?
The 2026 spending cap is the maximum amount a business can spend on equipment before the available Section 179 deduction begins to phase out, as shown in the overview above. Once that cap is reached, 100% bonus depreciation generally comes into play on eligible new and used assets. Our finance team can help you get started, while your tax professional confirms how the cap applies to your business.