Chevy Section 179 Tax Deduction in Wilmington, OH
If you own a small business or work for yourself around Wilmington, the 2026 Section 179 tax deduction may help you invest in the vehicles that keep your operation moving. Our team at Bush Auto Place, a family-owned Chevy and GMC dealer serving Wilmington for over 50 years, is here to walk you through business-use trucks and SUVs and connect you with financing that fits your goals.
The information below is provided for informational purposes only, and you should always consult a qualified tax professional to confirm how Section 179 applies to your specific situation.
2026 Section 179 Tax Deduction Overview & Limits
Section 179 of the IRS tax code lets qualifying businesses deduct the cost of eligible equipment, including certain business-use vehicles, in the year they're purchased and placed into service. It's designed as a true small-business incentive that rewards companies for investing in the tools and vehicles they need to grow. Review the general guidelines below, then talk with a qualified tax professional about your situation before making a purchase.
- 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?
How a vehicle qualifies under Section 179 depends largely on its gross vehicle weight rating (GVWR) and how it's used for your business. Heavier work-focused vehicles are generally treated more favorably than lighter passenger vehicles, which is why understanding the categories below matters.
Full Section 179 deduction available 1
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW) (excludes some pickups/vans): $32,000 maximum Section 179 1
- Cars, Light Trucks & SUVs (Under 6,000 lbs.): Subject to IRS "luxury auto" depreciation limits (Section 280F) 1
Because we stock both new Chevy models and used options, you have flexibility to choose the vehicle and financing path that make sense for your business. Our team can help you identify which trucks, vans and SUVs may line up with the Section 179 category that fits your plans, like the Silverado 1500, HD and more.
How Do I Use the Section 179 Tax Incentive?
Taking advantage of Section 179 starts with choosing a qualifying Chevy and placing it into business use before December 31, 2026. You'll generally need to document that the vehicle is used for business purposes more than 50% of the time and that it's titled in your company's name rather than your personal name.1
Section 179 applies to both new and used vehicles, so our finance center can help you compare purchase and lease options, including used Chevy models that fit your budget. Your accountant or tax professional should always confirm the exact deduction you can claim.
Commercial Chevy Vehicles for Sale Near Me
Business owners in Wilmington and Mason turn to our team for a car-buying and service experience built on more than 50 years of family ownership. As a six-time CARFAX® Dealer of the Year winner and an annual Chevy Mark of Excellence recipient, we back every purchase with customer perks like free car washes, lifetime powertrain coverage on qualifying vehicles and convenient options such as mobile service, pickup and delivery and available loaner vehicles.
Visit us at 1850 Rombach Ave in Wilmington, browse our finance center or contact our team today to explore qualifying Chevy trucks, vans and SUVs before the December 31, 2026 deadline.
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
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Chevy Section 179 Tax Deduction FAQs
Can vehicles be deducted under Section 179?
Yes, Section 179 lets qualifying businesses deduct the cost of certain business-use vehicles in the year they're purchased and placed into service. Eligible options at Bush Auto Place in Wilmington, OH include work-ready Chevy trucks, vans and SUVs. Visit our finance center to explore qualifying inventory before the December 31, 2026 deadline.
Does Section 179 apply for used car purchases?
Yes, Section 179 applies to both new and used equipment, as long as the vehicle is new to the buyer. Bush Auto Place carries qualifying vocational trucks and vans in both new and used categories, giving Wilmington business owners flexibility in their purchase.
Can Section 179 be claimed multiple times?
Section 179 is an annual deduction, so qualifying purchases must be bought and placed into business use within the tax year, before December 31, 2026. The vehicle also needs to be used for business more than 50% of the time and titled in the company's name. Always consult a qualified tax professional to confirm how it applies to your situation.
What is the Section 179 tax deduction limit?
For 2026, the Section 179 deduction limit is $2,560,000, good on new and used equipment that's purchased or leased. Businesses may also take advantage of 100% bonus depreciation on eligible new and used assets. Our team at Bush Auto Place in Wilmington, OH can help you find a qualifying Chevy, though your tax professional should confirm the exact deduction you can claim.
What is the 2026 Section 179 spending cap?
The 2026 spending cap is $4,090,000, the maximum you can spend on equipment before the deduction begins reducing on a dollar-for-dollar basis, with a complete phase-out at $6,650,000. This cap is what makes Section 179 a true small-business incentive. Contact Bush Auto Place today to explore qualifying Chevy trucks and SUVs near Mason.
