Chevy Section 179 Tax Deduction in Red Lion, PA

Searching for a new Chevrolet commercial vehicle to take your business to the next level? If you're a small-business owner, you may be able to save big on a new or new-to-you Chevy car, truck, SUV or cargo van when you take advantage of the Section 179 Tax Deduction at our Chevy dealership in Red Lion, PA. What is Section 179? Designed by the U.S. government to help small- and medium-sized businesses invest in themselves, the Section 179 Tax Deduction allows you to deduct up to 100% of the purchase price of a vehicle you intend to use for business purposes. When you visit Ciocca Chevrolet of Red Lion, you'll find a wide selection new Chevy Silverado trucks and Chevrolet Express Cargo Vans for sale that are ready to tackle every job at the worksite. Does your company require a commuter car or versatile Chevy SUV to travel around York County? You can also apply Section 179 Tax Deductions toward the purchase of new Chevrolet Equinox SUVs and Chevy Malibu sedans.

What are the Section 179 qualifications? In order to claim the Section 179 Tax Deduction, you must buy your new Chevy cargo van, truck, SUV or car and put it into service by December 31, 2023, for it to count toward the 2023 tax year. Additionally, your Chevrolet model must be used for business purposes at least 50% of the time. Learn more at our Pennsylvania Chevy dealer. Section 179 potentially allows a business to claim a 2023 Federal income tax deduction for up to 100% the cost of qualifying vehicles that are acquired and placed in service in 2023, rather than depreciating the cost over time. For 2023, the maximum Section 179 expense deduction is $1,160,000 for all qualifying property. Section 179 potentially allows businesses to deduct up to 100% of the purchase price per qualifying heavy truck in the first year.