Chevy SECTION 179 TAX DEDUCTIONS
Small Business Tax Deductions for Chevy Vehicles
Running a small business is hard work and you deserve a break. You can write off up to 100% of the purchase price of eligible Chevy vehicles. Under section 179 of the tax code your business may be eligible to deduct up to the full amount of the purchase price of any new vehicles. These vehicles only need to be new to your business as the tax benefit applies to both new and used vehicles as long as they meet the requirements. There is no aggregate limit and the tax break applies to every qualified vehicle purchase your business made during the tax year.
Contact us for more information or for fleet discounts online or call us at 888-340-1421. Fremont Chevrolet looks forward to helping your business thrive in 2025 and beyond by providing all your new vehicle and vehicle service needs.
*Please note that any tax information found on this page should not be considered tax advice. Tax codes change and you should consult with a qualified tax professional or the IRS for current guidelines on tax deductions.
Section 179 Tax Deductions on Vehicle Purchases
Section 179 of the IRS tax code details both what and how much businesses can deduct from their taxes from qualifying purchases. This deduction applies to the purchase of business-use vehicles. The deduction amount varies depending on the size of the vehicle. Qualifying passenger vehicles are eligible for a fixed deduction (up to $18,200 per vehicle for 2025), while larger vehicles can qualify for a deduction of up to 100% of the purchase price.
Please use the links below to learn more about your potential tax savings.