Section 179 Tax Savings

Your Tax Dollars at Work

Make the Most of Your Work Vehicle Purchases with Section 179 Tax Deductions

Looking to upgrade your work inventory with hard-working Chevy and GMC trucks? While it's nice to have the latest heavy-duty options taking care of your needs around the worksite, paying for business vehicles isn't always easy. Luckily, you don't have to foot the bill when working with the Hall Chevrolet Buick GMC team. With the Section 179 Tax Deductions, you can save on the entire cost of your work vehicles, allowing you to put that money back into your business! See how you can save down below!


How Does the Section 179 Tax Deduction Work?

Some tax codes can have a lot of confusing language, making it hard to know how you can benefit from them. With Section 179, we'll break it down for you! The Section 179 Tax Deduction allows businesses looking to purchase work vehicles over 6,000 pounds GVW, or Gross Vehicle Weight, to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. Want to upgrade your work fleet or put more trucks on the road? You can subtract the full purchase price from your gross income, allowing you to put the savings back into your business and fund other needs you might have!

How You Can Qualify for This Deduction

Not sure how to get started? We've got you covered! If you want to qualify for the Section 179 tax deduction benefits, you'll have to purchase, finance, or lease a new or used vehicle during that tax year. You'll also need to use your new fleet of work vehicles more than 50 percent of the time to take advantage of these deductions. If you're in your vehicle for more than half the time while working, you'll enjoy the savings and get a new vehicle to help your business at no additional cost to you!

Let the Hall Chevrolet Buick GMC Team Help You Save!

Eager to see how you can save money for your business? Reach out to our finance team today, and we'll walk you through the benefits of the Section 179 Tax Deduction!

  1. HALL CHEVROLET BUICK GMC

    385 W DALLAS ST
    CANTON, TX 75103

    • Sales: 903-287-6234
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