Chevrolet Section 179 Tax Deduction near Petal, MS

customer filling out their tax form

If you’re looking to expand your fleet of work trucks and cargo vans before the year is over, then you’re in luck — you may be able to save big by claiming the Section 179 Tax Deduction! 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 Chevy tax deduction for the current fiscal year, vehicles must be purchased and put into service by December 31, 2021 — so hurry into our Buick and Chevrolet dealer near Petal, MS, today!

Buick & Chevy Section 179 Guidelines

While the Section 179 Tax Deduction is most frequently applied to commercial vehicles like Chevy trucks and cargo vans, you can also take advantage of this tax rebate to save on passenger vehicles that are used for business purposes at least 50% of the time. Companies can write off up to $1,050,000 for the 2021 tax year, so this tax code is best suited for small- and medium-sized businesses.

Which Chevy & Buick Models Qualify for Section 179?

You may be able to deduct up to 100% of the purchase price on the following vehicles:

  • Chevy Blazer
  • Chevy Colorado1
  • Chevy Express Cargo Van
  • Chevy Express Cutaway
  • Chevy Express Passenger Van
  • Chevy Low Cab Forward
  • Chevy Silverado 1500
  • Chevy Silverado 2500 HD
  • Chevy Silverado 3500 HD
  • Chevy Silverado HD Chassis Cabs
  • Chevy Suburban
  • Chevy Tahoe
  • Chevy Traverse
  • Buick Enclave
  • Buick Enclave Avenir

You may be able to deduct up to $18,200 per vehicle on the following:

  • Chevy Bolt EV
  • Chevy Bolt EUV
  • Chevy Camaro
  • Chevy Colorado2
  • Chevy Corvette
  • Chevy Equinox
  • Chevy Malibu
  • Chevy Spark
  • Chevy Trailblazer
  • Chevy Trax
  • Buick Encore
  • Buick Encore GX
  • Buick Envision