Chevy Section 179 Tax Deduction in Forest Park, IL
If you’re a small- or medium-scale business owner, you need a vehicle that works as hard as you do. That’s why so many entrepreneurs, self-starters and hustlers invest in a new Chevrolet commercial truck for sale in Illinois. With a wide range of models to choose from, our Chevy dealer in Forest Park has no shortage of work-ready vehicles ready to supercharge your business.
Perhaps the best part about investing in a new Chevy truck? Depending on which exact model and configuration you choose, your business may even qualify for the Section 179 tax deduction — a tax provision that incentivizes business owners to reinvest their proceeds into assets that will help them grow their operations.
In short, trucks wearing the Chevy Bowtie logo offer benefits on the job site and at the tax office alike. Learn more about all this below, then visit our showroom for more details.
Why Buy a New Chevy Commercial Truck?
Ever pay attention to the work vehicles your local contractors, farmers, tradespeople and landscapers drive? Oftentimes, it’s a new Chevy truck. These and other businesses choose Chevrolet because they know that models like the Silverado 1500 and Silverado 2500 HD are durable, proven workhorses. Go ahead and run them hard every day as you satisfy your customers — a Silverado is built to handle it all and then some.
Proof of this lies in the Silverado specs. We’re talking about more than just horsepower — details about the Silverado suspension components, bed construction and frame design underscore just how far engineers have gone to ensure every variant of this diverse lineup can support Illinois Chevy fans in all their personal and professional ventures. And with so many different models available — from light-duty and HD Chevy trucks all the way up to the medium-duty Chassis Cab models — you’re sure to find a new Silverado for sale in Forest Park that’s ready to make you money.
2025 Section 179 Tax Deduction Overview & Limits
Wondering how the 2025 Section 179 tax deduction could positively impact your business vehicle purchase or lease? As a federal small-business tax incentive, Section 179 lets you deduct the full purchase price of qualifying equipment, including commercial trucks and vans, as long as those vehicles are used for business more than half the time and are titled in your company's name.
With increased deduction limits and new bonus depreciation opportunities for 2025, this tax break encourages local businesses near Forest Park to reinvest in reliable, hardworking Chevrolet vehicles. Companies often turn to Section 179 to reduce their tax burden, improve their fleets, and take advantage of the latest Chevy features, all while making the most of current incentives and offers.
Important Section 179 tax deduction limits, caps and depreciation details include:
- 2025 Deduction Limit: $2,500,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2025 Spending Cap: $4,000,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Complete phase-out at $6,500,000
- 2025 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20251
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Which Chevy Vehicles Qualify for Section 179?
| New & Used Vocational Trucks and Vans: | Full Section 179 deduction available1 |
|---|---|
| Heavy SUVs & Trucks (Over 6,000 lbs. GVW): | $31,300 maximum Section 1791 |
| Cars, Light Trucks & SUVs (Under 6,000 lbs.): | $20,400 first-year maximum1 |
Curious about which Chevrolet vehicles qualify for Section 179? Many popular Chevy work trucks, cargo vans, and commercial chassis can be eligible, provided they are new to your business and primarily used for business purposes.
From the versatile Silverado lineup to spacious Express vans, there is a commercial Chevrolet vehicle for nearly every industry need. As a local Business Elite dealer, Currie Motors Chevrolet offers a large selection of both new and used qualifying models, making it easy to find the right vehicle for your company near .
Eligible Chevy models may include, but are not limited to:
- Silverado 1500
- Silverado EV
- Silverado HD
- Colorado
- Express Cargo Van
- Express Passenger Van
- Suburban
- Tahoe
- Traverse
How Do I Use the Section 179 Tax Incentive?
Taking advantage of the Section 179 tax incentive is a straightforward process. When you purchase or lease an eligible Chevy vehicle from our Chevrolet commercial vehicle center, make sure it is placed in service before December 31, 2025, and used for business purposes more than 50% of the time.1 The vehicle should be titled in your business's name, not in a personal name, to meet IRS regulations.
Consult with your tax advisor to maximize this deduction based on your company's unique situation, but know that our team is here to help walk you through current incentives and provide documentation you may need for your tax filings.
Commercial Chevy Vehicles for Sale Near Me
Ready to leverage the 2025 Section 179 deduction and upgrade your company's fleet with a reliable Chevrolet truck or van? Currie Motors Chevrolet in Forest Park offers an expert Business Elite team, an extensive inventory of commercial vehicles, and full commercial service support.
Contact our team today to learn more about Section 179 eligibility, current business offers, and to schedule a commercial vehicle consultation nearby. Start saving and drive your business forward with the confidence of Chevrolet.
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1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.