2026 Section 179 Tax Benefits
Section 179 Tax Deductions | Tax Credits Your Business Deserves
Protect your business today with Gateway Chevrolet. Our team is always looking for ways to support your business, helping you thrive with our tools, guidance, and vehicles. One of the ways we do this is by educating you on your opportunities. Section 179 allows you to get the equipment your business needs while protecting your bottom line. You're always in great hands when you choose Gateway Chevrolet.
What is Section 179?
Section 179 is an IRS tax code that's designed to support small business operations. This program allows businesses to write off up to 100% of the cost of qualifying equipment in the year it's placed into service. You can finance or lease qualifying vehicles at our dealership to take advantage of this program. The vehicle must be used for business purposes at least 50% of the time, giving you one more tool at your disposal. Section 179 also uses the vehicle's Gross Vehicle Weight Rating (6,000 pounds or more) to determine eligibility. Here are a few things you should know about the 2026 Section 179 features.
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: The power to write off up to the full purchase price immediately, instead of doing it a little at a time over years.
- Financial Stability: Improve and protect your year-end cash flow planning.
- Scale Your Business: Reinvest savings back into your business operations.
- Get the Equipment Your Business Relies On: Find the right vehicle for your business needs.
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
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
Deduct Up To $20,300 Per Vehicle
- Chevy Colorado
- Chevy Corvette
- Chevy Malibu
- Chevy Equinox
- Chevy Trailblazer
- Chevy Trax
Take Advantage of IRS Section 179 at Gateway Chevrolet Today
Contact the team at Gateway Chevrolet to learn more. We look forward to helping your business thrive today.
How Can We Help?
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Disclaimer: The Manufacturer’s Suggested Retail Price excludes tax, title, license, dealer fees and optional equipment. Dealer sets final price.
Special offers and pricing are subject to location and dealer discretion. Available to residents of the greater Fargo, ND - Moorhead, MN and Red River Valley areas-
Gateway Chevrolet
501 38th St S
Fargo, ND 58103
- Sales: (701) 282-5522
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