Chevy Section 179 Tax Deduction near Marion, IN
Chevy Section 179 Tax Deductions
If you're the owner of a small- to medium-sized business, the Section 179 Tax Deduction is meant just for you. This tax break allows qualifying business owners to write off up to the full purchase price of an eligible vehicle from their end-of-year taxes, so you can give your business the boost it deserves. Whether a new Chevy SUV or heavy-duty GMC truck is the perfect match for your company's needs, you can find it at our Chevy dealership near Marion, IN. Visit us today to learn more about the Section 179 Tax Incentive and buy a Chevy van before the deadline of December 31, 2024, to place it into service!
What Is the Section 179 Tax Deduction?
The Section 179 Tax Deduction is designed to help business owners save on the cost of new company vehicles. If you're interested in a new Chevy Silverado, heavy-duty truck or any other model, you can rest assured knowing that you can deduct up to 100% of the purchase price to allow your business's fleet to grow. We have many great commercial vehicles for sale nearby, so make your way to Paul-Richard Chevrolet GMC to discover a GMC Sierra or Chevy Silverado that's perfect for your needs!
Which Chevy Models Qualify for Section 179?
| Up to $25,000 plus up to 80% of the remaining purchase price (plus standard depreciation deduction) |
|---|
| Chevy Blazer |
| Chevy Express Passenger Van |
| Chevy Silverado 1500 |
| Chevy Colorado |
| Chevy Surburban |
| Chevy Tahoe |
| Chevy Traverse |
| Up to 100% of Purchase Price (no per-vehicle or aggregate limitation) | |
|---|---|
| Chevy Express Passenger Van | Chevy Silverado 2500 HD |
| Chevy Silverado 4500 HD | Chevy Silverado 3500 HD |
| Chevy Express Cargo Van | Chevy Silverado HD Chassis Cabs |
| Chevy Express Cutaway | Chevy Silverado 5500 HD |
| Chevy Express Passenger Van | Chevy Silverado 6500 HD |
| Chevy Low Cab Forward | Chevy Silverado 1500 |
GMC Vehicles that Qualify for Section 179
| Up to $25,000 (Plus up to 80% of the remaining purchase price plus standard depreciation deduction)1 |
|---|
| GMC Sierra 1500 - Short Bed |
| GMC Yukon |
| GMC Yukon XL |
| GMC Acadia |
| GMC HUMMER EV Pickup |
| GMC Hummer EV SUV |
| GMC Canyon |
| GMC Savana Passenger Van (all except 10+ passenger seating) |
| Up to 100% of Purchase Price1 | |
|---|---|
| GMC Sierra 1500/2500/3500 - Standard and Long Bed | GMC Sierra 3500 HD Chassis Cab |
| GMC Savana Cargo Van | GMC Savana Passengar Van (10+ passenger seating only) |
| GMC Savana Cutaway | |