Section 179 & Bonus Depreciation Tax Savings
Section 179 of the IRS Tax Code allows businesses to deduct the full purchase price of qualifying vehicles in the year they are placed in service—rather than depreciating the cost over several years. When combined with Section 168(k) Bonus Depreciation, eligible business owners can often deduct up to 100% of a qualifying vehicle's purchase price in the first year.
The table below reflects 2026 Calendar Year maximum deduction estimates for Chevrolet and GMC vehicles based on IRS guidelines (Rev. Proc. 2026-15). Figures assume 100% business use. Consult your tax advisor to determine your specific eligibility.
Chevrolet — Cars, Crossovers & SUVs (GVWR ≤6,000 lbs)
| Model | Base MSRP | GVWR | 2026 Max Deduction | Notes |
|---|---|---|---|---|
| Trax | $21,495 | 3,888 lbs | $20,300 | A, D |
| Equinox | $31,995 | 4,707 lbs | $20,300 | B, D |
| Blazer | $36,995 | ~5,000 lbs | $20,300 | B, D |
| Traverse | $38,995 | ~5,640 lbs | $20,300 | B, D |
| Colorado | $33,995 | 5,070–5,530 lbs | $20,300 | B, D |
Chevrolet — Trucks, Vans & Full-Size SUVs (GVWR >6,000 lbs)
| Model | Base MSRP | GVWR | 2026 Max Deduction | Notes |
|---|---|---|---|---|
| Silverado 1500 Regular Cab | $36,995 | ~7,100 lbs | $36,995 | C, D |
| Silverado 1500 Double Cab | $41,995 | ~7,200 lbs | $41,995 | C, D |
| Silverado 1500 Crew Cab | $42,995 | ~7,300 lbs | $42,995 | C, D |
| Silverado 2500HD Regular Cab | $41,995 | ~9,900 lbs | $41,995 | C, D |
| Silverado 2500HD Double Cab | $46,695 | ~9,900 lbs | $46,695 | C, D |
| Silverado 2500HD Crew Cab | $48,595 | ~10,000 lbs | $48,595 | C, D |
| Silverado 3500HD Regular Cab | $43,295 | ~11,400 lbs | $43,295 | C, D |
| Silverado 3500HD Double Cab | $47,795 | ~11,400 lbs | $47,795 | C, D |
| Silverado 3500HD Crew Cab | $50,495 | ~13,400 lbs | $50,495 | C, D |
| Silverado 3500HD Chassis Cab | $49,495 | ~13,400 lbs | $49,495 | C, D |
| Tahoe | $57,895 | ~7,900 lbs | $57,895 | C, D |
| Suburban | $60,095 | ~8,000 lbs | $60,095 | C, D |
| Express 2500 Cargo Van | $45,295 | 8,600 lbs | $45,295 | C, D |
| Express 3500 Cargo Van | $46,495 | 10,000 lbs | $46,495 | C, D |
GMC — Cars, Crossovers & SUVs (GVWR ≤6,000 lbs)
| Model | Base MSRP | GVWR | 2026 Max Deduction | Notes |
|---|---|---|---|---|
| Terrain | $31,995 | ~4,563 lbs | $20,300 | B, D |
| Canyon | $33,995 | ~5,100–5,500 lbs | $20,300 | B, D |
GMC — Trucks, Vans & Full-Size SUVs (GVWR >6,000 lbs)
| Model | Base MSRP | GVWR | 2026 Max Deduction | Notes |
|---|---|---|---|---|
| Sierra 1500 Regular Cab | $37,995 | ~7,200 lbs | $37,995 | C, D |
| Sierra 1500 Double Cab | $42,995 | ~7,300 lbs | $42,995 | C, D |
| Sierra 1500 Crew Cab | $43,995 | ~7,500 lbs | $43,995 | C, D |
| Sierra 2500HD Regular Cab | $42,995 | ~9,900 lbs | $42,995 | C, D |
| Sierra 2500HD Double Cab | $47,695 | ~9,900 lbs | $47,695 | C, D |
| Sierra 2500HD Crew Cab | $49,595 | ~10,000 lbs | $49,595 | C, D |
| Sierra 3500HD Regular Cab | $44,295 | ~11,400 lbs | $44,295 | C, D |
| Sierra 3500HD Double Cab | $48,795 | ~11,400 lbs | $48,795 | C, D |
| Sierra 3500HD Crew Cab | $51,495 | ~13,400 lbs | $51,495 | C, D |
| Sierra 3500HD Chassis Cab | $50,495 | ~13,400 lbs | $50,495 | C, D |
| Yukon | $58,895 | ~7,900 lbs | $58,895 | C, D |
| Yukon XL | $61,095 | ~8,100 lbs | $61,095 | C, D |
| Savana 2500 Cargo Van | $46,295 | 8,600 lbs | $46,295 | C, D |
| Savana 3500 Cargo Van | $47,495 | 10,000 lbs | $47,495 | C, D |
Notes & Footnotes
A. Passenger automobiles are subject to luxury car limits under IRC §280F(d)(4)(A). Maximum first-year deduction capped at $20,300 per Rev. Proc. 2026-15. Assumes 100% business use.
B. Trucks, SUVs, and vans with GVWR of 6,000 lbs or less are subject to luxury car limits. Maximum first-year deduction capped at $20,300. Assumes 100% business use.
C. Vehicles with GVWR greater than 6,000 lbs are not subject to luxury car limits. Businesses may expense up to $2,560,000 in qualifying property under Section 179 (when total qualifying property cost is below $4,090,000). The remaining basis may be recovered through Section 168(k) bonus depreciation or MACRS 200% declining balance depreciation over a 5-year recovery period. Assumes 100% business use.
D. MSRP and GVWR figures should be independently verified against the current model year window sticker before purchase. GVWR may vary by trim, powertrain, and options. This worksheet is not intended for use in tax evasion.
Disclaimer: The material presented on this page is for informational purposes only and is not offered as legal or tax advice. MSRP and GVWR figures are estimates based on available 2026 manufacturer data and IRS guidelines (Rev. Proc. 2026-15); customers and their advisors should verify current vehicle specifications and pricing before making tax decisions. You are urged to seek the advice of your tax advisor, attorney, and/or financial planner for specific tax or legal questions.
