At Bill Black Chevrolet, we're always on the lookout for ways to help you win. With Section 179 Deductions and our popular Chevy models, you will come out on top every time you're on the road while protecting your budget. Take advantage of these incredible money-saving tax deductions and keep yourself and your business in the black.
Section 179 deductions have been around for years. Lots of business owners have taken advantage of this option, as it offers immediate tax relief. But how much can you deduct? The amount was increased for 2024 (taxes filed in 2025) to $1,220,000. If you're the owner of a small, medium, or large business, the ability to write off expenses will benefit any sized organization. Section 179 deductions make this possible and easy.
Section 179 is a tax deduction offered by the federal government that allows business owners to write off purchases for certain depreciable assets. Under the allowances of a Section 179 expense, business owners can write off expenses immediately. They no longer need to wait for covered expenses to depreciate over time. You can reduce your tax burden immediately and attain greater peace of mind.
If you have dreams of building the perfect fleet that's dependable, reliable, versatile, and eye-catching, we're happy to help. Section 179 is your friend. However, there are specific guidelines you must follow to qualify for this tax deduction. It uses the automobile's gross vehicle weight rating (GVWR) as a way to ascertain if the vehicle qualifies. Also, the vehicle must be used at least 50% of the time for business-related purposes.
There are limits in place to how much Section 179 covers. Although it allows up to $1,220,000 in deductions for the 2024 tax year, it's important to remain aware of the nuances. The 2024 tax year deduction limit for SUVs is $30,500. Shop at Bill Black Chevrolet to take advantage of this great opportunity.
Section 179 covers more than just automobiles. But at Bill Black Chevrolet, we give you the freedom to shop for the business vehicle that will turn you into a winner. We offer great commercial vehicles that qualify for Section 179 deductions. Our Chevrolet inventory is a world leader when it comes to impressive quality, reliability, innovation, performance, safety, and more. Find the ride that matches your business objectives perfectly and take advantage of this tax deduction.
Let Bill Black Chevrolet usher you into a better driving future. Visit us online or call our dealership to learn more about the benefits of Section 179 tax deductions.
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601 E Bessemer Ave
Greensboro, NC 27405