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What is Section 179?
As the year comes to a close, business owners have a unique opportunity to upgrade their fleet and significantly reduce their tax liability. Under Internal Revenue Code Section 179, you may be eligible to deduct up to the full purchase price* of qualifying Chevrolet vehicles from your gross income. Section 179 allows businesses to deduct the full purchase price of equipment—including qualifying vehicles—purchased or financed during the tax year. Instead of depreciating a vehicle over several years, you may be able to write off the entire cost in Year One, providing immediate cash flow relief. Eligibility for the Section 179 tax deduction at Pohanka Chevrolet is primarily determined by three factors:
• Entity Type: The deduction is available to business owners and entities that purchase or finance qualifying equipment.
• Usage Requirements: To qualify, the vehicle must be used at least 50% for business purposes.
• Timing: Vehicle must be purchased or leased and placed into service by midnight on December 31st of the current tax year.
Is Your Vehicle Eligible?
The amount you can deduct depends on the Gross Vehicle Weight Rating (GVWR) and the percentage of business use:
Deduct up to 100% of purchase price
(179 expensing)
- BrightDrop 600
- 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
Deduct up to 100% of purchase price
(partial 179 expensing and bonus depreciation)
In addition to Section 179, Bonus Depreciation offers an extra layer of savings. This allows for a significant percentage of the vehicle's cost to be deducted immediately for vehicles put into service by December 31st.
- Blazer
- Blazer EV
- Colorado*
- Equinox EV
- Express Passenger Van
- Silverado 1500*
- Silverado EV WT
- Suburban
- Tahoe
- Traverse
Don't leave money on the table, Hit the December 31st Deadline!
To qualify for the 2026 tax year, your new Chevrolet must be purchased (or leased) and placed into service by midnight on December 31st. Why Pohanka Chevrolet in Chantilly? We have a deep inventory of work-ready trucks and SUVs available right now. Our team understands the urgency of year-end commercial sales and is ready to help you find the right vehicle to meet both your operational needs and your tax goals.
*Pohanka Chevrolet is not a tax advisory firm. Tax laws are complex and subject to change. We strongly recommend consulting with a qualified tax professional or CPA to determine how these deductions apply to your specific business situation.
*Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2025. Determining the proper income tax treatment of any vehicle purchase requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, the characteristics and attributes of the particular vehicle purchased and the purchaser’s income tax situation. Each purchaser’s tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability.
*Silverado 1500, 2500, and 3500 HD Standard Bed or Long Bed models.
*Passenger Van - 10+ passenger seating only.
*Colorado: All except 2WD with 5,800-lb. GVWR.
