Chevrolet Section 179 Tax Benefit in York, PA
Chevy Section 179 Tax Deductions
If you're a small-business owner looking to expand your company's fleet of commercial vehicles, you may be able to save big by claiming the Section 179 Tax Deduction. We have a wide selection of Chevy trucks, cargo vans, SUVs and cars for sale at Ciocca Chevrolet, so finding the new vehicles to take your business to the next level is easy when you shop with us. Created by the government with the purpose of helping small- and medium-sized businesses invest in themselves, the Section 179 tax benefit allows you to potentially deduct up to 100% of the purchase price of eligible vehicles. What are the Section 179 qualifications? In order for a vehicle to qualify for the Section 179 tax incentive for the current fiscal year, it must be purchased and put into service by December 31, 2023. Additionally, the vehicle must be used for business purposes at least 50% of the time. For 2023, the maximum Section 179 expense deduction is $1,160,000 for all qualifying property. To learn more about your commercial Chevy financing options, head to our Chevrolet dealership in York, PA!
The Section 179 Tax Deduction can be applied to a wide variety of Chevrolet commercial vehicles, including Chevy Silverado trucks and Express Cargo Vans. You can even claim partial deductions for other types of vehicles like the Chevy Equinox SUV or Chevrolet Malibu sedan, among others.