Maximize Business Savings with Section 179 at Milnes Chevrolet

Maximize Business Savings with Section 179
at Milnes Chevrolet
Are you a business owner looking to expand your fleet and take advantage of significant tax savings? At our Chevrolet dealer in Imlay City, we offer a wide range of commercial Chevy trucks and vehicles that qualify for the Section 179 tax deduction. This IRS tax code allows businesses to write off the full purchase price of qualifying vehicles, making it an excellent opportunity to upgrade your business assets while enjoying substantial financial benefits.
What Is Section 179?
Section 179 is a tax incentive designed to encourage small- and medium-sized businesses to invest in themselves by purchasing new or used equipment, including vehicles. To qualify, the vehicle must be used for business purposes more than 50% of the time and must be purchased and put into service by the end of the tax year. By utilizing Section 179, you can deduct the full purchase price of eligible vehicles from your gross income, significantly reducing your tax burden.
Section 179 Deduction Limits for 2024
For the 2024 tax year, businesses can deduct up to $1,220,000 with a spending cap of $3,050,000.1 This deduction is especially beneficial for small- and medium-sized businesses looking to maximize their investment in Chevy commercial vehicles. Keep in mind that the deduction decreases once the total spending surpasses the cap, so it’s advantageous to proceed wisely.




Eligible Chevy Models for Section 179
At Milnes Chevrolet, we offer a variety of new Chevy models that may qualify for the Section 179 tax deduction. Whether you need a robust Silverado 1500 truck or a versatile Express Cargo Van, our selection has something to meet your business needs. Eligible models include:
Up to 100% of purchase price1 |
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Express Cargo Van |
Express Cutaway |
Express Passenger Van |
Low Cab Forward |
Silverado 1500 |
Silverado 2500 HD |
Silverado 3500 HD |
Silverado 4500 HD |
Silverado 5500 HD |
Silverado 6500 HD |
Silverado HD Chassis Cabs |
Up to $30,500 plus up to 60% of the remaining purchase price (plus standard depreciation deduction)1 |
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Blazer |
Colorado |
Express Passenger Van |
Silverado 1500 |
Suburban |
Tahoe |
Traverse |
Up to $20,400 per vehicle (no aggregate limitation)1 |
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Camaro |
Colorado |
Corvette |
Equinox |
Malibu |
Trailblazer |
Trax |
Tax credit up to $7,500 (Federal Qualified Clean Vehicle or Qualified Commercial Clean Vehicle income tax credit)1 |
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Blazer EV |
Equinox EV |
Silverado EV |
Buy a Commercial Chevy Vehicle in Imlay City Today
Ready to enhance your business fleet and take advantage of the Section 179 tax deduction? Visit Milnes Chevrolet in Imlay City to browse our extensive inventory of eligible Chevy trucks and commercial vehicles. Our knowledgeable sales team is here to guide you through the process and ensure you find the right vehicle to support your business growth.