Chevy Section 179 Tax Deduction in Depew, NY
Looking for a smart way to lower your business tax liability while upgrading your fleet? The 2025 Section 179 tax deduction makes it easy for businesses to deduct all or a portion of qualifying Chevrolet commercial trucks, SUVs and vans purchased or leased before year-end.
Joe Basil Chevrolet in Depew proudly helps businesses across Western New York take advantage of this incredible incentive when shopping for commercial vehicles near Buffalo. Learn how you can optimize your tax benefits with a new or used Chevy work vehicle and keep your company ahead of the curve.
2025 Section 179 Tax Deduction Overview & Limits
Local business owners frequently ask how the Section 179 tax deduction works, who qualifies, and what the new IRS limits are. Section 179 was designed with small businesses in mind, letting companies immediately deduct significant portions of qualifying vehicle purchases and leases -- instead of writing off depreciation over time.
The updated deduction and spending caps for 2025 make this a true small business tax incentive, whether you are investing in a new Chevy Silverado near Buffalo or a whole commercial fleet for your company. Bonus depreciation also remains at 100%, allowing even greater flexibility for high-volume buyers. Speak with a tax professional about how these new limits apply to your purchase, then connect with Joe Basil Chevrolet for a closer look at eligible models.
- 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
- Additional Requirements:1
- 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?
- 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
Not every vehicle qualifies for the Section 179 deduction, but many Chevy commercial vehicles do. Whether you are searching for a reliable work truck or a fleet of cargo vans for city deliveries, Chevrolet has a proven lineup designed to meet your business goals.
Joe Basil Chevrolet near Buffalo can guide you to eligible options and ensure your purchase or lease checks all IRS boxes for deduction eligibility. From the always-capable Chevrolet Silverado to the versatile Express van, many of our most popular commercial models are commonly approved 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 straightforward. First, ensure your qualifying Chevrolet commercial vehicle is purchased or leased and placed into service before December 31, 2025. Your business must use the vehicle more than 50% of the time for work, and the title should be held in your company's name -- not your personal name.
As always, it's a good idea to coordinate with a tax advisor so you maximize your deduction according to the latest guidelines. The Joe Basil Chevrolet sales and finance teams can provide the documentation and details you need for a smooth process.
Commercial Chevy Vehicles for Sale Near Me
Every year, more Western New York businesses choose Joe Basil Chevrolet in Depew for Section 179 savings and a wide selection of hardworking commercial vehicles. Award-winning service and decades of expertise make our team a trusted resource for building or upgrading your fleet.
Contact us today to learn more about your 2025 Section 179 options, check out eligible Chevy models and start planning for a more profitable year ahead.
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1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.