Section 179 Tax Deduction at Roseville Chevrolet
In search of ways to expand your company’s vehicle inventory without escalating expenses? The Section 179 tax incentive serves as a practical solution for small- and medium-sized businesses aiming to minimize operational costs while integrating high-quality vehicles into their lineup.
Searching for reliable commercial vehicles nearby? Our Chevy dealership near Antelope provides a variety of options, from adaptable Silverado 1500 pickups to robust Silverado HD trucks and Express vans. Utilize the Section 179 tax deduction to cut down on vehicle expenses and boost your business’s efficiency!
2024 Section 179 Tax Deduction Limits & Spending Cap
If you run a small- or medium-sized business, you can take advantage of the Section 179 tax incentive to write off fleet costs from your company’s taxes. Please pay attention to the deduction limits, spending cap and bonus depreciation for the 2024 Section 179 incentive:
- 2024 Deduction Limit: $1,220,0001
- Valid on new and used equipment (must be new to buyer) — can be purchased or leased
- 2024 Spending Cap: $3,050,0001
- After this cap is reached, deduction is reduced on dollar-for-dollar basis
- 2024 Bonus Depreciation: 60%1
- Generally taken after Spending Cap is reached
- Applicable to new and used vehicles
- Tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
Please bear in mind that to qualify for this year’s incentive, you must purchase the vehicle and place it intService no later than December 31, 2024.1 Our Roseville Chevy finance experts are here to help you navigate all the specifics!
Which Chevy Models Qualify for Section 179?
Are you searching for a new Chevy near Antelope that not only fits your budget, but business demands as well? We boast a huge assortment of Section 179-eligible Chevy vehicles, including:
| Up to 100% of purchase price (no per-vehicle or aggregate limitation) |
|---|
| Express Cargo Van |
| Express Cutaway |
| o Express Passenger Van |
| o 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 $25,000 plus up to 80% of the remaining purchase price (plus standard depreciation deduction) |
|---|
| Blazer |
| Colorado |
| Express Passenger Van |
| Silverado 1500 |
| Suburban |
| Tahoe |
| Traverse |
| Up to $20,200 per vehicle (no aggregate limitation) |
|---|
| Colorado |
| Corvette |
| Equinox |
| Malibu |
| Trailblazer |
Chevy Commercial Vehicles Near Me
Whether you have questions about a specific commercial truck or want more information on the Section 179 limits and deductions, don’t hesitate to contact Roseville Chevrolet. The experts at our local commercial vehicle dealer want to see your business thrive, so grow your fleet and enhance your operations by leveraging this exclusive tax incentive before it’s too late!