Section 179 Business Tax Savings

Section 179 Business Tax Savings

Section 179 Business Tax Savings

Maximize Your Business Income with Section 179

Section 179 is designed to give businesses a greater chance for success. Most businesses need some form of equipment to perform at their best. Section 179 gives you the opportunity to enjoy additional benefits from the equipment you purchase or lease.

In the past, small businesses were required to write off the cost of depreciation a little at a time each year. With Section 179, you no longer have to worry about the waste of time and resources. Instead, you have the power to write off equipment depreciation in the year it's placed into service.

2025 Section 179 Key Points

To qualify for Section 179, you can purchase or lease an approved vehicle from Gateway Chevrolet. The model you choose must be used for business purposes at least 50% of the time. There are additional factors to consider. Take a look at how tax year 2025 impacts Section 179 limits.