Chevy Section 179 Tax Deduction in Gaylord, MI
Streamlining your business vehicle upgrades is simple with the Section 179 tax deduction at our Chevy dealership near Boyne City. This IRS benefit is designed to help business owners update their fleets while potentially qualifying for major tax savings. Whether you are expanding your lineup or replacing older Chevy trucks, Section 179 may allow you to deduct a significant amount -- even up to the full purchase price -- of qualifying new or pre-owned trucks, vans and SUVs.1
Jim Wernig Chevrolet offers an extensive inventory of Chevrolet commercial vehicles, along with experienced staff ready to answer your questions about Section 179 eligibility, paperwork and timing. Our team is here to guide you through Chevy financing options and vehicle selections, helping you get the most value from both your fleet purchase and available tax incentives.
What Are the Deduction Limits for Section 179 This Year?
Section 179 gives small and mid-size businesses an opportunity to write off up to the full cost of qualifying vehicles acquired in 2025, provided they meet certain requirements.1 For this tax year, the following limits and guidelines apply:
- 2025 Deduction Limit: $2,500,0001
- Good on new and used equipment (as long as new to the buyer).
- Purchased or leased vehicles qualify.
- 2025 Spending Cap: $4,000,0001 -- This is the maximum amount that can be spent on equipment before your company's total deduction begins to be phased out.
- Deduction begins to be reduced on a dollar-for-dollar basis -- this cap is what makes it a "small business tax incentive"
- Complete phase-out at $6,500,000
- 2025 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets.
- Generally taken after the Spending Cap is reached.
- Applies to new and used vehicles.
- Additional Section 179 Rules:
- Assets must be purchased and put into use before Dec. 31, 2025.1
- They must be used for business purposes more than 50% of the time.
- They must be titled in the company's name (not the company's owner's name).
Need help navigating financing or eligibility? Our local Chevy financing specialists can explain your options and help you complete your application in plenty of time to claim your tax benefits.
Which Chevy Vehicles Are Eligible for Section 179?
If your business could benefit from new Chevy trucks, SUVs and vans, Section 179 may offer the financial flexibility you need. Eligible vehicles are broken down by:
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
Eligible Chevy models may include, but are not limited to:
- Silverado 1500
- Silverado EV
- Silverado HD
- Colorado
- Express Cargo Van
- Express Passenger Van
- Suburban
- Tahoe
- Traverse
Whatever your needs -- from versatile pickups to roomy vans and full-size SUVs -- count on the Jim Wernig Chevrolet team to match your business with the right vehicles.
Chevy Commercial Vehicles for Sale Near Me
Looking to improve your fleet and decrease your tax liability? We have a broad selection of Section 179-eligible commercial vehicles ready for immediate delivery.
Contact Jim Wernig Chevrolet in Gaylord to discuss your options, get answers to tax and financing questions or begin your Chevy commercial vehicle purchase today. Discover how easy it can be to equip your business while maximizing your potential tax deductions!
Learn More: Why Buy from Us? | Interest Tax Deduction | Chevy Silverado Comparison
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.