Chevy Section 179 Tax Deduction in Forest Park, IL

2020 Chevy fleet lineup on a worksite

Chevy Section 179 Tax Deductions

Here at Currie Motors Chevrolet, we’re proud to supply a wide selection of Chevy commercial vehicles that work just as hard as you do. To bring your small- or medium-sized business to the next level, you can save big on the cost of a new Chevy truck, SUV or van at our Chevy dealership in Forest Park, IL. This is possible with the Section 179 Tax Deduction, which provides the opportunity to write off costs of qualifying vehicles purchased by December 31, 2020, for business use. To discover which vehicles qualify and if you’re eligible for significant tax write-offs, reach out to our nearby commercial Chevy dealer before the end of the year!

Which Chevy Models Are Eligible for Section 179?

There are a variety of new Chevy models for sale in Forest Park, IL, that are eligible for the Section 179 Tax Deduction. When you shop at our Illinois Chevy dealer and purchase one of the following vehicles, you can get behind the wheel for an amazing value:

Write Off Up to 100% of Purchase Price of Vehicle:1

  • Blazer
  • Colorado2
  • Express Cargo Van
  • Express Cutaway
  • Express Passenger Van
  • Low Cab Forward
  • Silverado 1500
  • Silverado 2500HD
  • Silverado 3500HD
  • Silverado HD Chassis Cabs
  • Suburban
  • Tahoe
  • Traverse

Write Off Up to $18,100 Per Vehicle:3

  • Bolt EV
  • Camaro
  • Colorado4
  • Corvette
  • Cruze
  • Equinox
  • Impala
  • Malibu
  • Sonic
  • Spark
  • Trax

Section 179 Tax Deduction Limits & Info

The Section 179 Tax Deduction has limits on deductions and expenditures. For the 2020 fiscal year, your business can write off up to $1,040,000, while purchases are capped at $2,590,000. The deduction then begins to decrease after that first $2,590,000 is spent, and is thus a perfect incentive for small- and -medium-sized businesses like yours to take advantage of.

Have any questions about the Section 179 Tax Deduction? Whether you’d like to learn more from our experts or schedule a test-drive with one of our commercial vans or trucks, contact Currie Motors Chevrolet. We’re here to make it easy to save big on the fleet van, heavy-duty truck or SUV you need to bring your business to where you want it to be!

1 Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2020 qualify for immediate depreciation deductions of up to 100% of the purchase price.
2 With 2.8L engine and 4WD.
3 Passenger automobiles as defined under the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR of 6,000 lbs. or less) and placed in service during 2020 qualify for immediate depreciation deductions of up to $18,100 per vehicle.
4 All except with 2.8L and 4WD.

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