SMALL BUSINESS CUSTOMERS MAY CLAIM
UP TO $510,000 TAX DEDUCTION
WHAT IS TAX SECTION 179?
The Section 179 Deduction was enacted as part of the IRS tax code in 2008 to help small businesses with their
vehicle and equipment purchases. This law allows your commercial and fleet customers to claim the full purchase
price of certain Chevrolet vehicles totaling up to $510,000 (for eligible vehicles) as a tax deduction.1
The amounts that can be deducted depend on the vehicles purchased. For example, passenger vehicles bought by a
business may qualify for deductions of $11,160, $11,560 or $25,000. A business that spends up to $2,030,000 on multiple
vehicles can take a deduction of up to $510,000.
See the allowed amounts for each eligible Chevrolet vehicle in the chart below.
ADDITIONAL TAX SECTION 179 FACTS
• Vehicle titles must be in the company’s name
• An eligible vehicle must be used for business at least 50 percent of the time
• Businesses can still take advantage of other incentives and Business Choice offers in addition to these possible tax savings
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1 Each individual’s tax situation is unique. Therefore, please consult your tax professional to confirm
vehicle depreciation deduction and tax benefits. For more details, visit irs.gov. 2 For vehicles that
qualify as passenger automobiles under the Internal Revenue Code, there is an $11,160 per-vehicle
depreciation deduction cap or $11,560 for certain SUVs, trucks and vans placed in service during
2017. 3 The tax incentives are available for depreciable tangible property that is acquired by
purchase for use in the active conduct of a trade or business. Additional limitation based on
purchases. For the 2017 tax year, the aggregate deduction of $510,000 under Internal Revenue Code
Section 179 is most beneficial to small businesses that place in service no more than $2,030,000 of
“Section 179 property” during the year. For every dollar spent on Section 179 property in excess of
the overall limit of $2,030,000, the $510,000 expense-tax deduction decreases by a dollar. Certain
vehicles, models and restrictions apply. Tax benefits may change or be eliminated at any time
without notice. Consult your tax professional for details. 4 For vehicles that qualify as sport utility
vehicles, including certain trucks and vans, under the Internal Revenue Code, the maximum amount
that may be expensed is $25,000 of the total purchase price. The $25,000 expense cap contributes
to the $510,000 limit and $2,030,000 investment limit under Section 179.