If you own a small- or medium-sized business in Oklahoma, understanding the IRS Section 179 deduction is essential for maximizing your tax savings. The latest changes to Section 179 can help you invest in new or used Chevrolet trucks, vans or SUVs for your business -- all while significantly reducing your taxable income.
At our Chevy dealership near Oklahoma City, we're here to help you take full advantage of these incentives and find the perfect Chevy work vehicle for your needs.
2025 Section 179 Deduction Details
What Is Section 179?
Section 179 of the IRS tax code lets businesses deduct up to the full purchase price of qualifying equipment or vehicles purchased or financed within the tax year. This applies whether you buy a new Chevrolet or used vehicle!
Section 179 specifics can include:1
- Deduction Limit: $2,500,000
- Spending Cap: $4,000,000
- Complete Phase-Out: Deductions begin to reduce dollar for dollar after $4,000,000 in equipment purchases; phased out entirely at $6,500,000.
- 100% Bonus Depreciation: Applies to new and used vehicles, taken after you reach the spending cap. This lets you immediately deduct a large percentage of the purchase price, maximizing your savings.
- Eligibility: Vehicles must be used for business purposes more than 50% of the time and titled in the company's name.
- Deadline: Equipment must be purchased and placed into service by December 31, 2025.
2025 Section 179 Vehicle Deduction Limits
Different types of vehicles qualify for different deduction amounts. Here's what you need to know if you're considering a Chevy commercial truck or van:
- New & Used Vocational Trucks/Vans: Full Section 179 deduction available
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW): $31,300 maximum Section 179 deduction
- Cars, Light Trucks & SUVs (Under 6,000 lbs. GVW): $20,400 first-year maximum
- Additional Bonus Depreciation: 100% for 2025 thanks to H.R.1
Remember: All vehicles and equipment must be purchased or financed and in service by December 31, 2025, and dedicated primarily to business use. Whether you'd like to buy a new Chevy Silverado 1500 or Tahoe for your business, you can enjoy great savings with the Section 179 tax credit.
Why Buy Commercial Chevy Vehicles at Knippelmier Chevrolet?
Choosing the right partner for your vehicle purchase goes beyond tax incentives. Here's why so many Oklahoma business owners choose Knippelmier Chevrolet for their commercial and work vehicle needs:
- A No-Pressure Experience: We take pride in providing a stress-free sales approach, allowing you to shop for your Chevy truck or SUV at your own pace.
- Trusted Local Legacy: As the oldest Chevy store in Oklahoma, our family-owned and -operated dealership has a tradition of treating every customer like family. Count on our tenured staff for unmatched Chevrolet expertise and a warm, welcoming atmosphere.
- Community Commitment: Every customer becomes part of our extended family and community. Each purchase helps us support local schools and the fire and police departments across the surrounding area.
- Chevy Service You Can Trust: Our certified Chevy service center ensures your vehicle stays safe, reliable and ready for every job.
- Wide Selection: Find new Chevy work trucks, vans and SUVs that fit your business needs, as well as quality used vehicles!
Take Advantage of Chevy Section 179 Tax Savings Today!
Don't miss your opportunity to benefit from the expanded Section 179 tax deduction and 100% bonus depreciation for 2025. Contact Knippelmier Chevrolet today to speak with our commercial vehicle experts and discover how our work trucks and vans can help drive your Oklahoma business forward.
Book a Silverado test-drive or visit us to browse our inventory and discuss tax-saving strategies with our knowledgeable team!
Learn More:
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date-specifications.