Section 179 and bonus depreciation are different provisions. IRS Publication 946 describes a 100% special depreciation allowance for certain qualifying property acquired and placed in service after January 19, 2025. That does not mean every Chevrolet or GMC purchase qualifies for a full first-year deduction.
Ask which rules apply to your vehicle
Your tax professional should evaluate the acquisition date, service date, qualifying property requirements, business-use percentage, and any applicable passenger-vehicle limitations. A heavy-SUV Section 179 cap does not by itself explain the treatment of remaining basis under other depreciation rules. State treatment may also differ from federal treatment.
Provide the complete transaction
Send the vehicle invoice, incentive details, trade documents, financing agreement, and equipment invoices. A purchase with a conversion package or work body needs documentation for the completed configuration. Ask how each item affects the business's basis and the available elections.
Use the deduction as part of the plan
A deduction changes taxable income; it does not eliminate loan payments, insurance, fuel, or maintenance. Have your adviser compare the after-tax effect with the business's actual cash needs and likely use. Seth Wadley Chevrolet GMC can supply vehicle specifications and expected delivery details so you can evaluate a real purchase. Make the decision around productive equipment and a sustainable budget, with tax treatment confirmed for your circumstances.
Reviewed November 7, 2026. General federal tax information; consult your tax professional about your business, vehicle, elections and state treatment. See IRS Publication 946 and contact our team for vehicle details.
Is bonus depreciation the same deduction as Section 179?
No. They are separate provisions with different requirements and elections. Your adviser should review acquisition and service dates, qualifying property, business use and any vehicle-specific limitations, along with state treatment. Provide the complete purchase, incentive and equipment documents so the analysis reflects the transaction instead of assuming every business vehicle receives the same first-year deduction.
Browse work-ready vehicle options and request a vehicle-specific quote.
