Section 179 | Building A Business That Thrives
Section 179 is an IRS tax code that is designed to help your business get the most out of your qualified business purchases. In the past, businesses were required to write off the depreciation of assets a little at a time, year after year. With Section 179, you can write off up to 100% of the cost of qualified assets in the year they're placed into service, saving you time and energy on your business taxes.
Key Advantages of Section 179
- Reduction of taxable income that's immediate. Your business does not have to write off deductions a little at a time.
- Enhanced year-end cash flow planning.
- The freedom to reinvest your tax savings back into your business operations.
- A wide range of qualifying equipment you can choose to support your business functions.
How Section 179 Works
To qualify for Section 179, the vehicle's gross vehicle weight rating is considered a determining qualification factor. Additionally, the vehicle must be used for business purposes at least 50% of the time.
There are several important aspects of Section 179 for 2026. See below.
- Maximum deduction for certain SUVs (6,000 - 14,000 pounds GVWR): $32,000
- Deduction limit: $2,560,000
- Spending cap: $3,130,000
- Phase-Out threshold: $4,090,000
- Fully Phased-Out threshold: $6,650,000
- Bonus depreciation: 100% (applies after Section 179)
Qualifying Chevrolet Models
Section 179 tax deductions allow you to purchase qualifying vehicles for your business. A vehicle's Gross Vehicle Weight Rating (GVWR) is used to determine if it's eligible. Models over 6,000 pounds may qualify under this program.
Deduct Up To 100% of Purchase Price (179 Expensing)
- Chevy Silverado 1500
- Chevy Silverado 2500HD
- Chevy Silverado 3500HD
- Chevy Silverado 4500HD
- Chevy Silverado 5500HD
- Chevy Silverado 6500HD
- Chevy Silverado HD Chassis Cabs
- Chevy BrightDrop 400
- Chevy BrightDrop 600
- Chevy Cargo Van
- Chevy Cutaway
- Chevy Express Passenger Van
- Chevy Low Cab Forward
Deduct Up To 100% of Purchase Price (Partial 179 Expensing & Bonus Depreciation)
Deduct Up To $20,300 Per Vehicle
- Chevy Colorado
- Chevy Corvette
- Chevy Malibu
- Chevy Equinox
- Chevy Trailblazer
- Chevy Trax
Choose Your Next Vehicle at Puklich Chevrolet
Let our team help you take advantage of Section 179 today. Visit us online or swing by our dealership for assistance. We look forward to serving you.
How Can We Help?
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Puklich Chevrolet
3701 State St.
Bismarck, ND 58503
- Sales: (701) 864-2250
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