Section 179 Tax Deduction in Malone, NY
Business owners seeking a practical way to upgrade their fleet are turning to the Section 179 deduction, and with the 2026 limits higher than ever, now is a smart time to invest. If your small- or medium-sized business owner, leveraging Section 179 for your next Chevrolet Silverado work truck, van or commercial pickup could result in significant tax benefits. Learn how purchasing or leasing new commercial models at Ellis Chevrolet in Malone could help your business take full advantage of the 2026 Section 179 deduction while enhancing daily operations.
2026 Section 179 Tax Deduction Overview & Limits
Many local businesses often search for answers about the 2026 Section 179 tax deduction, including eligibility, maximum deduction and bonus depreciation rules. This small business tax incentive allows qualified companies to deduct the full purchase price of eligible vehicles before the spending cap is reached.
- 2026 Deduction Limit: $2,560,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2026 Spending Cap: $4,090,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Deduction begins to be reduced on a dollar-for-dollar basis -- this cap is what makes it a "small business tax incentive"
- Complete phase-out at $6,650,000
- 2026 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20261
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Which Chevy Vehicles Qualify for Section 179?
New & Used Vocational Trucks and Vans | Full Section 179 deduction available1 |
Heavy SUVs & Trucks (Over 6,000 lbs. GVW) (excludes some pickups/vans) | $32,000 maximum Section 1791 |
Cars, Light Trucks & SUVs (Under 6,000 lbs.) | Subject to IRS "luxury auto" depreciation limits (Section 280F)1 |
Many business owners want to know which Chevrolet vehicles qualify for Section 179 deductions. The good news for businesses is that a broad range of work trucks, vans and even some SUVs are eligible when used primarily for business. Whether you need a Silverado HD in Malone for construction jobs, a Savana Cargo van for deliveries, or another commercial vehicle, exploring qualifying vehicles is simple at Ellis Chevrolet.
Eligible new Chevy models may include, but are not limited to:1
- Silverado 1500
- Silverado EV
- Silverado HD
- Colorado
- Express Cargo Van
- Express Passenger Van
- Suburban
- Tahoe
- Traverse
How Do I Use the Section 179 Tax Incentive?
To use the Section 179 tax incentive, start by selecting eligible commercial vehicles that suit your fleet needs. Ensure that the vehicle is purchased or leased and put into service before the end of 2026, and that it is titled in the business’s name -- not personally. Document its use, confirming it serves business purposes at least 50% of the time. After purchase, work with a trusted tax professional to complete the necessary forms and filings, ensuring your Section 179 deduction is applied properly on your business’s tax return.
Commercial Vehicles for Sale Near Me
Local businesses can make their next vehicle purchase work smarter with the 2026 Section 179 tax deduction. Our local Chevy dealer near Potsdam is your guide to understanding which vehicles qualify and maximizing this opportunity for your company. Contact us today to review current commercial inventory, get personalized quotes and connect with our commercial specialists about optimizing your year-end tax strategy.
Read More: Benefits of Buying a Used Car | Why Buy from Ellis Chevrolet?
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
2026 Section 179 FAQs
Can vehicles be deducted under Section 179?
Yes, many vehicles purchased or leased for business use qualify for the Section 179 tax deduction. Eligible work trucks, vans and some SUVs purchased and placed into service before December 31, 2026 may qualify for full or partial deduction depending on the vehicle type and weight.
Does Section 179 apply for used car purchases?
Yes, Section 179 applies to both new and used vehicles as long as they are new to your business, used for business purposes more than 50% of the time and titled in the company’s name.
Can Section 179 be claimed multiple times?
Section 179 can be claimed multiple times within the same tax year on eligible vehicle and equipment purchases, as long as the total deduction does not exceed the yearly deduction limit or spending cap.
What is the Section 179 tax deduction limit?
For 2026, the Section 179 tax deduction limit is $2,560,000. This is the maximum amount your business can deduct for qualifying purchases made during the tax year.
What is the 2026 Section 179 spending cap?
The 2026 Section 179 spending cap is $4,090,000. If your total equipment or vehicle purchases exceed this cap in a year, the deduction amount will be reduced on a dollar-for-dollar basis and phases out entirely at $6,650,000.