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You put in the work, now let your tax deductions do the heavy lifting. With Section 179 of the IRS tax code, businesses in Wichita, KS, and beyond can deduct the full purchase price of eligible equipment and software purchased or financed during the tax year.
Keep reading to learn about the Section 179 tax breaks, and reach out to the team at Eddy's Chevrolet if you have any further questions.
For the 2025 tax year, many Chevrolet trucks, vans, and large SUVs with a Gross Vehicle Weight Rating (GVWR) over 6,000 pounds can qualify for a significant Section 179 tax deduction.
To be eligible, qualifying Chevrolet vehicles (GVWR > 6,000 lbs) must be used for business more than 50% of the time. Refer to the chart below for specific vehicle examples and deductions.
The deduction amount depends on the vehicle type, with special rules for heavy SUVs. For the 2025 tax year, the rules are:
In addition to the Section 179 deduction, vehicles placed into service in 2025 may also be eligible for a 100% bonus depreciation deduction on the remaining cost after the Section 179 amount has been claimed.
Eligibility Requirements:
For 2025, the deduction limit is $2,500,000, and the deduction begins to phase out if total equipment purchases exceed $4,000,000.
For more information please consult a Tax Advisor and IRS.gov.
Don't leave money on the table. Take advantage of Section 179 and invest in the equipment your business needs while enjoying valuable tax benefits in Wichita, Kansas.
Contact Eddy's Chevrolet to learn more about how you can make the most of your purchase.
(179 expensing)
(partial 179 expensing)
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.
