Maximize Business Savings with Section 179 at Milnes Chevrolet

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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.

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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

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

Blazer

Colorado

Express Passenger Van

Silverado 1500

Suburban

Tahoe

Traverse
Up to $20,400 per vehicle
(no aggregate limitation)1

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

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.

Contact Milnes Chevrolet today or stop by our showroom to learn more about how Section 179 can benefit your business and explore our lineup of Chevy commercial vehicles. Don’t miss out on this opportunity to save big while investing in your company’s future!

1 Information accurate as of publishing date. Please consult https://www.section179.org for the most up-to-date details.