Chevy Section 179 Tax Deduction in McPherson, KS
Considering updating your commercial fleet or adding a new work truck to your business? Section 179 allows small businesses to take advantage of significant tax savings on qualifying Chevrolet vehicles. Reviewing your Section 179 tax deduction options for 2025 could help boost your bottom line while upgrading to the right Chevy truck or commercial van for your crew.
Because the deduction applies to both new and used vehicles (as long as they're new to you), and includes leases alongside purchases, this federal tax incentive is a trusted resource for small business owners near Wichita looking to maximize year-end finances. Connect with the team at our Kansas Chevy dealer for more information!
2025 Section 179 Tax Deduction Overview & Limits
Business owners often ask how the 2025 Section 179 tax deduction works and what limits apply. For the 2025 tax year, Section 179 remains one of the most valuable business tax incentives available, enabling eligible companies to immediately deduct the cost of qualifying commercial vehicles placed into service before December 31, 2025.1 The deduction limit, spending cap and bonus depreciation rules make this a key resource for contractors, farmers, landscapers and service professionals who rely on new Chevy trucks and vans to get the job done.
Curious about your vehicle's eligibility or the maximum deduction you can claim? Our team at Midway Motors Chevrolet in McPherson is happy to walk you through your options.
- 2025 Deduction Limit: $2,500,0001: Good on new and used equipment (as long as new to the buyer) | Purchased or leased
- 2025 Spending Cap: $4,000,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business 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
- Must be purchased and put into use before Dec. 31, 20251
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Which Chevy Vehicles Qualify for Section 179?
- 2025 Deduction Limit: $2,500,0001: Good on new and used equipment (as long as new to the buyer) | Purchased or leased
- 2025 Spending Cap: $4,000,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business 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
Wondering which new and used Chevrolet vehicles qualify for the Section 179 deduction? Many popular Chevy commercial trucks, vans and select SUVs meet the IRS requirements for business use. Eligible models must be used for business more than 50% of the time, titled in the company's name and put into service during the current tax year.
From rugged Silverado trucks to versatile Express vans, there's a wide variety of Chevrolet work vehicles designed to help McPherson businesses qualify for key tax incentives. Our experts can review your needs and help you select the right Chevy model for Section 179 savings.
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
How Do I Use the Section 179 Tax Incentive?
Taking advantage of the Section 179 tax incentive is a straightforward process when you partner with a knowledgeable dealer. First, decide which Chevy vehicle best suits your daily operations and confirm it meets the business-use requirements. Work with your tax advisor to document the purchase or lease, ensuring the vehicle is placed into service before the yearly deadline.
Finally, your accountant can help you claim the deduction when you file your business taxes. The team at Midway Motors Chevrolet in McPherson can provide vehicle specs and purchase documentation to streamline the process.
Commercial Chevy Vehicles for Sale Near Me
If you're ready to maximize your Section 179 deduction in 2025, contact Midway Motors Chevrolet in McPherson for a personalized consultation. Our Chevy experts make it simple to explore eligible commercial trucks and vans, review current offers and ensure you're positioned for maximum year-end savings. Call, click or visit today to get the most out of Section 179 and keep your business moving forward.
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.