Chevy Section 179 Tax Deductions Near Petal, MS
Expand your fleet of work trucks and cargo vans before the year is over by taking advantage of the Section 179 tax deduction at Pine Belt Chevrolet Buick. This IRS tax code helps small- and medium-sized businesses invest in themselves by allowing them to write off up to 100% of the cost of qualifying vehicles.
In order to claim this tax deduction for the current fiscal year, vehicles must be purchased and put into service by December 31, 2024 -- so hurry into our Buick and Chevy dealership near Petal today to get started!1
Chevrolet Section 179 Deduction Limits & Eligibility
The advantages of the Section 179 tax deduction extend to both eligible new Chevy models and pre-owned vehicles, provided they are new to you and used for business-related activities within the current tax year. A wide variety of commercial vehicles like cargo vans, shuttle vans, heavy-duty equipment and other specialized vehicles are eligible for complete deductions.
Passenger models such as the new Chevy Silverado 1500, Tahoe and Traverse, as well as Buick SUVs like the Encore GX and Enclave, may also be subject to partial deductions. The deduction amount is primarily determined by the vehicle's class and weight. For instance, trucks and SUVs with a Gross Vehicle Weight Rating (GVWR) ranging from 6,000 to 14,000 pounds may be eligible for a partial deduction.
Which Chevy Vehicles Qualify for Section 179?
The following Chevrolet models qualify for full or partial Section 179 tax savings:
Up to 100% of Purchase Price1
- Express Cargo Van
- Express Cutaway
- Express Passenger Van
- Low Cab Forward
- Silverado 1500
- Silverado 2500 HD
- Silverado 3500 HD
- Silverado 4500 HD
- Silverado 5500 HD
- Silverado 6500 HD
- Silverado HD Chassis Cabs
Up to $30,500 plus up to 60% of the Remaining Purchase Price (plus standard depreciation deduction)1
- Blazer
- Colorado
- Express Passenger Van
- Silverado 1500
- Suburban
- Tahoe
- Traverse
Up to $20,400 per Vehicle (no aggregate limitation)1
- Camaro
- Colorado
- Corvette
- Equinox
- Malibu
- Trailblazer
- Trax
Tax Credit up to $7,500 (Federal Qualified Clean Vehicle or Qualified Commercial Clean Vehicle income tax credit)1
- Blazer EV
- Equinox EV
- Silverado EV
Tax-Eligible Buick Models for Section 179
The following Buick vehicles are eligible for Section 179 tax deductions:
Up to $30,500 plus up to 60% of the Remaining Purchase Price (plus standard depreciation deduction)1
- Enclave
Up to $20,400 per Vehicle (no aggregate limitation)1
- Encore GX
- Envision
- Envista
Commercial Chevy Trucks Near Me
For more information about how you can claim GM Section 179 tax savings, contact Pine Belt Chevrolet Buick in Hattiesburg. We'll be happy to guide you through our new Chevy commercial vehicle inventory and go over the finer details of the Section 179 deduction. We look forward to hearing from you soon!
1 Information accurate at the time of publishing. Refer to https://www.section179.org for the most current specifics.