Chevy Section 179 Tax Deductions in Hattiesburg, MS

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 SUVs like the Tahoe or Suburban, 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.

For 2025, the bonus depreciation rate is 100%, providing additional immediate savings for qualifying purchases -- both new and used.

Section 179 tax deduction specifics include:

• Deduction limit: $2,500,000
• Spending cap: $4,000,000
• Complete phase-out: $6,500,000
• Applies to new and used equipment/vehicles (as long as new to your business)
• Must be purchased and put in service by December 31, 2025
• Vehicles must be titled in your company's name and used for business purposes more than 50% of the time

New & Used Vocational Trucks and Vans: Full Section 179 deduction available¹

• Heavy SUVs & Trucks (Over 6,000 lbs. GVW): $31,300 maximum Section 179¹
• Cars, Light Trucks & SUVs (Under 6,000 lbs.): $20,400 first-year maximum¹ 

Which Chevy Vehicles Qualify for Section 179?

The following Chevrolet models qualify for full or partial Section 179 tax savings:

• Chevy Silverado 1500
• Chevy Silverado HD
• Chevy Colorado
• Chevy Express Cargo Van
• Chevy Express Passenger Van
• Chevy Suburban
• Chevy Tahoe
• Chevy Traverse
• Other business-focused vehicles