Commercial Business End of Year Tax Deductions

As the year draws to a close, business owners in Ennis, Midlothian, Desoto, Waxahachie, and Corsicana are exploring ways to maximize their tax advantages. At Pegasus Chevrolet, we’re here to help you discover how investing in a Chevrolet vehicle can benefit your business while delivering premium quality and performance.

Section 179 Deduction: Optimize Your Tax Benefits

Take advantage of the Section 179 deduction to elevate your business vehicle investment:

• Write off the full purchase price of qualifying vehicles and equipment purchased in the current tax year.
• The 2025 deduction limit is $2,500,000, up from $1,220,000 in 2024.
• Spend up to $4,000,000 on eligible vehicles and equipment to qualify.
• Both new and used vehicles can be eligible for this deduction, provided they are primarily used for business (more than 50% for business purposes).

Bonus Depreciation: Enhance Your Tax Strategy

Combine Section 179 with bonus depreciation to maximize tax savings:

• 100% bonus depreciation applies to new and used business equipment, including vehicles (after section 179)
• There’s no spending cap for bonus depreciation, allowing greater flexibility in planning.

Qualifying Vehicles for Maximum Tax Savings

Choose the right vehicle to align with your tax goals:

• Heavy-duty trucks and SUVs over 6,000 lbs. GVWR typically qualify for full Section 179 deductions.
• Passenger vehicles under 6,000 lbs. GVWR follow standard depreciation rules.
• Electric vehicles may also qualify for additional tax credits.

Which Chevrolet Vehicles are eligible?

Chevrolet organizes eligible vehicles into three tiers based on how much of the purchase price can be deducted:

1. Deduct up to 100% of purchase price (full Section 179 expensing):
• BrightDrop 400 & 600
• Express Cargo Van, Cutaway, Passenger Van*
• Low Cab Forward
• Silverado 1500, 2500 HD, 3500 HD*, 4500 HD, 5500 HD, 6500 HD
• Silverado HD Chassis Cabs
2. Deduct up to 100% (partial Section 179 + bonus depreciation):
• Blazer, Blazer EV
• Colorado*
• Equinox EV
• Silverado EV WT
• Suburban, Tahoe, Traverse
3. Deduct up to $20,200 per vehicle (luxury auto limits):
• Colorado*
• Corvette
• Malibu
• Equinox
• Trailblazer
• Trax

*Note: Some models appear in multiple categories due to variations in trim, weight, and configuration.

Why Pegasus Chevrolet is Your Trusted Partner

At Pegasus Chevrolet, we serve businesses in Ennis, Midlothian, Desoto, Waxahachie, and Corsicana with personalized solutions. Here’s how we support your success:

• Extensive inventory of vehicles eligible for tax deductions.
• Expert guidance in selecting vehicles that meet your business needs and tax objectives.
• Competitive financing options designed for your cash flow requirements.
• Ongoing support and service to keep your fleet operating at its best.

Maximize Your Tax Savings Today

Don’t miss the chance to enhance your tax strategy while upgrading your business fleet. Visit Pegasus Chevrolet for your business needs.

We are not legal tax consultants and cannot/do not provide legal tax advice. This page is for informational purposes only. For specific guidance, consult a tax professional.

• https://www.irs.gov/pub/irs-dft/i4562--dft.pdf
• https://www.section179.org/section_179_deduction/