Chevy Section 179 Tax Deduction Near Kilgore, TX
If you're looking to maximize your local business's tax savings and increase your operations, visit Peltier Chevrolet to take advantage of the Section 179 tax deduction. Guess what? Section 179 isn't just limited to those who purchase a new Chevy near Kilgore. Even the used vehicles you acquire for your business could qualify if they're put into service before December 31, 2024.1 A wide range of vehicles intended for business use, including cargo vans, work trucks and other specialized vehicles typically qualify for a full deduction under Section 179.
Certain models for sale at our East Texas Chevy dealership like the Blazer, Tahoe or Equinox could also get you partial deductions if they're used for business more than 50% of the time.1 Just remember, the vehicle must be purchased and put into commercial use within the current tax year.
Which Chevy Models Qualify for Section 179?
The following Chevrolet models qualify for full or partial tax deductions:
Up to 100% of Purchase Price (no per-vehicle or aggregate limitation) 1
- 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 $20,000 per vehicle (no aggregate limitation)1
- Bolt EV
- Bolt EUV
- Camaro
- Colorado
- Corvette
- Equinox
- Malibu
- Trailblazer
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
Chevy Commercial Trucks Near Me
For your 2024 Section 179 deductions to be valid, your business vehicle must be purchased and put into operation before the last day of the current tax year -- December 31, 2024.1
That's why we recommend not waiting until the last minute to try and maximize your Section 179 tax deductions. Instead, contact Peltier Chevrolet in Tyler today and we'll help you upgrade your business fleet and take you through all the advantages of Section 179 at our local Chevy dealer!
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1 Information accurate as of publication. See dealer for details.