2025 Section 179 Business Tax Savings
Maximize Your Business Income with Section 179 Tax Deductions
Give your business the helping hand it deserves when you take advantage of Section 179 Tax Deductions. This tax deduction benefits businesses when they purchase equipment for commercial purposes. At Country Chev, we're always looking for ways to help support our customers. One of the ways we do this is by helping you discover different options that can benefit you in your daily life.
Our Chevy lineup contains business-focused vehicles you can rely on and that will help you get the most out of every mile. Let us help you discover more reasons why you should shop at our dealership. With our Chevy lineup and Section 179 Tax Deductions, you're in a great position to win.
Section 179 Tax Deductions for 2025
Section 179 Tax Deductions are designed to help businesses thrive. Instead of writing off the cost of depreciation for qualifying equipment over multiple years, this program allows you to do it immediately, in the tax year the equipment goes into service. To qualify, the equipment must be used for business purposes and not personal use.
Want to learn more about Section 179 Tax Deductions in 2025? Take a look below.
Deduction Limit in 2025 is $1,250,000
You're able to deduct up to this limit, and it's good for eligible new and pre-owned vehicles. You will have to finance or lease the vehicle between January 1, 2025, and the end of day on December 31, 2025.
Spending Cap on Equipment Purchases in 2025 = $3,130,000
This cap is the maximum amount your small business can spend on qualifying equipment before the deduction is reduced on a dollar-for-dollar basis.
Bonus Depreciation in 2025 = 40%
After the Section 179 Tax Deduction Spending Cap is reached, the Bonus Depreciation takes effect. This Bonus Depreciation is available for new and used models.
Learn More About Section 179 Tax Deductions
Contact the team at Country Chev to learn more about this benefit. We look forward to helping your business grow by using resources built around you.
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COUNTRY CHEVROLET
840 Elm Street E
Annandale, MN 55302
- Sales: (320) 322-6467
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