Section 179 Tax Deduction
Section 179 Tax Deduction at Jessup Auto Plaza Chevrolet
YOU DESERVE A BREAK THIS TAX SEASON
PUT FEDERAL TAX DEDUCTIONS AND CREDIT TO WORK FOR YOU
You could get more tax benefits when you purchase the vehicles that you need. Both large and small businesses may be eligible to immediately deduct up to 100% of the purchase price of qualifying vehicles. Beginning in 2024, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.
SHOP NOW2024 Deduction Limit: $1,220,0001
Valid on new and used equipment (must be new to buyer) -- can be purchased or leased
2024 Spending Cap: $3,050,0001
After this cap is reached, deduction is reduced on dollar-for-dollar basis
2024 Bonus Depreciation: 60%1
Generally taken after Spending Cap is reached
Applicable to new and used vehicles
Tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
Qualifying Chevy Models for Section 179
Section 179-eligible Chevy vehicles
Empower your business with a new Chevy Silverado 1500 or Express Passenger Van in Collins. More eligible Chevy vehicles include:
| Up to 100% of Purchase Price1 | Up to $25,000 (plus up to 80% of the remaining purchase price) | Up to $20,200 per vehicle 1 (no aggregate limitation)1 |
|---|---|---|
| Express Cargo Van | Blazer | Bolt EV |
| Express Cutaway | Colorado | Bolt EUV |
| Express Passenger Van | Express Passenger Van | Camaro |
| Express Passenger Van | Silverado 1500 | Colorado |
| Low Cab Forward | Tahoe | Corvette |
| Silverado 1500 | Traverse | Equinox |
| Silverado 2500 HD | Malibu | |
| Silverado 3500 HD | Trailblazer | |
| Silverado 4500 HD | ||
| Silverado 5500 HD | ||
| Silverado 6500 HD | ||
| Silverado HD Chassis Cabs |
Jessup Auto Plaza Chevrolet
68111 E PALM CANYON DR, CATHEDRAL CITY, CA 92234
Contact UsHours
| Monday | 9:00AM - 7:00PM |
| Tuesday | 9:00AM - 7:00PM |
| Wednesday | 9:00AM - 7:00PM |
| Thursday | 9:00AM - 7:00PM |
| Friday | 9:00AM - 7:00PM |
| Saturday | 9:00AM - 7:00PM |
| Sunday | 10:00AM - 5:00PM |
| Monday | 7:00AM - 5:30PM |
| Tuesday | 7:00AM - 5:30PM |
| Wednesday | 7:00AM - 5:30PM |
| Thursday | 7:00AM - 5:30PM |
| Friday | 7:00AM - 5:30PM |
| Saturday | 8:00AM - 4:00PM |
| Sunday | Closed |
| you break it we fix it | |
| Monday | 7:00AM - 5:30PM |
| Tuesday | 7:00AM - 5:30PM |
| Wednesday | 7:00AM - 5:30PM |
| Thursday | 7:00AM - 5:30PM |
| Friday | 7:00AM - 5:30PM |
| Saturday | 8:00AM - 2:00PM |
| Sunday | Closed |