Chevy Section 179 Tax Deduction in Depew, NY
If you own a small business or work for yourself in the Depew area, tax season may look a little different when you drive a qualifying Chevrolet. The Section 179 tax deduction is a powerful IRS provision that allows eligible business owners to deduct the cost of certain vehicles and equipment placed in service during the tax year. At Joe Basil Chevrolet, we carry a wide selection of new Chevy trucks, vans and SUVs that may qualify -- and our team is here to help you find the right fit for your business needs.
2026 Section 179 Tax Deduction Overview & Limits
Before visiting our lot on Transit Rd in Depew, it helps to understand the basics of what Section 179 offers for tax year 2026. The deduction applies to new and used equipment -- including qualifying vehicles -- that are purchased or leased and placed in service before the end of the year. Below is a snapshot of the key numbers and requirements for 2026. Please note that this content is for informational purposes only; consult a qualified tax professional to determine your eligibility and deduction amount.
- 2026 Deduction Limit: $2,560,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2026 Spending Cap: $4,090,0001 -- 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)
- 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 $6,650,000
- 2026 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, 20261
- 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)
Full Section 179 deduction available 1
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW) (excludes some pickups/vans): $32,000 maximum Section 179 1
- Cars, Light Trucks & SUVs (Under 6,000 lbs.): Subject to IRS "luxury auto" depreciation limits (Section 280F) 1
Which Chevy Vehicles Qualify for Section 179?
Chevrolet builds some of the most capable and versatile work vehicles on the market, and several models in the current lineup may meet the weight and use requirements for Section 179. From heavy-duty haulers to full-size vans, there is a Chevy for nearly every business application. Eligible new 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 Section 179 starts with purchasing or leasing a qualifying vehicle and placing it in service before December 31, 2026.1 The vehicle must be used for business purposes more than 50% of the time and must be titled in your company's name -- not your personal name. We strongly encourage all business owners and self-employed individuals to consult with a qualified tax professional before making any decisions based on Section 179, as eligibility and deduction amounts can vary based on your specific tax situation.
Commercial Chevy Vehicles for Sale Near Me
Joe Basil Chevrolet is your local source for commercial-grade Chevy trucks, vans, and SUVs near Buffalo and throughout Western New York. As a family-owned and -operated member of the Basil Family of Dealerships -- recognized as one of the Best Places to Work in Buffalo -- we bring a level of trust and community commitment that sets us apart. Whether you're a contractor, a small business owner, or a self-employed professional in the Depew area, our team is ready to help you find a vehicle that works as hard as you do.
Stop by or browse our full new Chevrolet inventory online. Joe Basil Chevrolet makes it easy to make a smart business investment before year's end. Contact us today to learn more about our current inventory and available offers.
1 Information accurate at date of publishing. Refer to https://www.section179.org/ for most up-to-date specifications. This page is for informational purposes only. Consult a qualified tax professional for advice specific to your business situation.
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Joe Basil Chevrolet Section 179 Tax Deduction FAQs
How do I qualify for the Section 179 tax deduction on a Chevy vehicle in Depew, NY?
To qualify for the Section 179 tax deduction, your vehicle must be purchased or leased and placed in service before December 31, 2026, used for business purposes more than 50% of the time, and titled in your company's name -- not your personal name. Joe Basil Chevrolet in Depew carries a wide selection of eligible Chevy trucks, vans and SUVs to help you meet these requirements. Visit us at 5111 Transit Rd to find the right fit for your business.
Which Chevy models at Joe Basil Chevrolet may qualify for Section 179?
Several Chevrolet models in our current lineup may meet the weight and use requirements for Section 179, including the Silverado 1500, Silverado HD, Silverado EV, Colorado, Express Cargo Van, Express Passenger Van, Suburban, Tahoe, and Traverse. Vocational trucks and vans may be eligible for the full deduction, while heavy SUVs and trucks over 6,000 lbs. GVW carry a $32,000 maximum Section 179 deduction. Consult a qualified tax professional to confirm which model best fits your business situation.
What is the Section 179 deduction limit for tax year 2026?
For tax year 2026, the Section 179 deduction limit is $2,560,000, with a spending cap of $4,090,000 before the deduction begins to phase out on a dollar-for-dollar basis - making it a true small-business tax incentive. A 100% bonus depreciation is also available for eligible assets placed in service this year. All figures are informational; please consult a qualified tax professional for advice specific to your business.
Can I use the Section 179 incentive on a leased Chevy truck or van?
Yes, the Section 179 tax deduction applies to both purchased and leased qualifying vehicles, as long as the vehicle is new to the buyer and placed in service before December 31, 2026. The vehicle must still be used for business purposes more than 50% of the time and titled in your company's name. Joe Basil Chevrolet encourages you to speak with a qualified tax professional to determine how leasing affects your specific deduction amount.
Where can I find commercial Chevy trucks and vans near Buffalo, NY, that may qualify for Section 179?
Joe Basil Chevrolet is your local source for commercial-grade Chevy trucks, vans and SUVs near Buffalo and throughout Western New York, located at 5111 Transit Rd in Depew, NY. As a family-owned member of the Basil Family of Dealerships -- recognized as one of the Best Places to Work in Buffalo -- we bring community trust and a wide inventory of qualifying work vehicles. Stop by today or browse our full new Chevrolet inventory online to find the right business vehicle before year's end.