Section 179 Tax Deductions | Business Tax Credits
Take your business to the next level with Section 179 tax deductions. As your local Chevrolet and GMC dealer, Smith Motors takes pride in being there when you need us most. Whether you're adding a single vehicle to your business or building a fleet, Section 179 and our expertise will be invaluable in helping you get the results you're after.
What is Section 179?
Section 179 is a business tax credit that is designed to support small business operations. Section 179 changes the game. You can write off up to 100% of the cost of qualifying equipment in the year it's placed into service. To qualify, the equipment's Gross Vehicle Weight Rating is used, and it must be used at least 50% of the time for business purposes.
2026 Section 179 Facts
- Maximum deduction for 2026: $2,560,000
- Bonus Depreciation: 100% (Applies after Section 179)
- New and used vehicles qualify for Section 179
- Certain SUVs (6,000 - 14,000-pound GVWR): $32,000 max first-year Section 179
- Phase Out Begins: $4,090,000
- Fully Phased Out: $6,650,000
Key Advantages of Section 179
- Immediate Write-Offs: You don't have to write off deductions a little at a time over the years. This program lets you do it at one time.
- Financial Stability: Enhance year-end cash flow planning.
- Scale Your Business: You can reinvest your savings back into your business operations.
- Get the Equipment Your Business Relies On: We offer a variety of vehicles that will qualify for this program.
Qualifying Chevy & GMC Models
Deduct Up To 100% of Purchase Price (179 Expensing)
- Chevy Silverado 1500
- Chevy Silverado 2500HD
- Chevy Silverado 3500HD
- Chevy Silverado 4500HD
- Chevy Silverado 5500HD
- Chevy Silverado 6500HD
- Chevy Silverado HD Chassis Cabs
- Chevy BrightDrop 400
- Chevy BrightDrop 600
- Chevy Cargo Van
- Chevy Cutaway
- Chevy Express Passenger Van
- Chevy Low Cab Forward
- GMC Sierra 1500 (Standard and Long Bed)
- GMC Sierra 2500HD
- GMC Sierra 3500HD
- GMC Savana Cargo Van
- GMC Savana Passenger Van (10+ Passenger Seating Only)
- GMC Savana Cutaway
Deduct Up To 100% of Purchase Price (Partial 179 Expensing & Bonus Depreciation)
- Chevy Colorado
- Chevy Blazer
- Chevy Blazer EV
- Chevy Equinox EV
- Chevy Suburban
- Chevy Silverado 1500
- Chevy Silverado EV WT
- Chevy Tahoe
- Chevy Traverse
- Chevy Express Passenger Vans
- GMC Sierra 1500 (Short Bed including Denali)
- GMC Sierra EV
- GMC Yukon
- GMC Yukon XL
- GMC Acadia
- GMC Canyon
- GMC Savana Passenger Van (Except 10+ Passenger Seating)
- GMC HUMMER EV Pickup
- GMC HUMMER EV SUV
Deduct Up To $20,300 Per Vehicle
- Chevy Colorado
- Chevy Corvette
- Chevy Malibu
- Chevy Equinox
- Chevy Trailblazer
- Chevy Trax
- GMC Terrain
Contact Us to Learn More About IRS Section 179
Learn more about IRS Section 179 today. Contact Smith Motors and allow our knowledgeable experts to prove that we're in your corner. Shop smarter with Smith Motors. We look forward to serving you.
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Disclaimer:
The Manufacturer’s Suggested Retail Price excludes tax, title, license, dealer fees and optional equipment. Dealer sets final price.
1Dealer Discount applied to everyone
1Dealer Discount applied to everyone
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Smith Motors
101 N 11TH ST
WAHPETON, ND 58075
- Sales: (800) 844-8898
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