Chevy Section 179 Tax Deduction in Statesville, NC

Q: How do I qualify my Chevy vehicle for the Section 179 tax deduction in Statesville, NC?

To qualify, the vehicle must be purchased and placed into service before December 31, 2026, used for business purposes more than 50% of the time, and titled in your company's name - not your personal name. Randy Marion Chevrolet of Statesville can help you identify the right qualifying Chevy model for your business needs. Be sure to consult a tax professional to confirm eligibility for your specific situation.

Q: Which Chevy models at Randy Marion Chevrolet of Statesville are eligible for Section 179?

Eligible models may include the Silverado HD, Silverado 1500, Silverado EV, Colorado, Express Cargo Van, Express Passenger Van, Suburban, Tahoe, and Traverse, depending on their Gross Vehicle Weight Rating. Vocational trucks and vans may qualify for the full Section 179 deduction, while heavy SUVs and trucks over 6,000 lbs. GVW carry a $32,000 maximum deduction. Visit Randy Marion Chevrolet of Statesville to explore the full commercial lineup and find the right fit for your business.

Q: What is the 2026 Section 179 deduction limit for business vehicle purchases?

For 2026, the Section 179 deduction limit is $2,560,000, with a spending cap of $4,090,000 before the deduction begins to phase out on a dollar-for-dollar basis. The deduction applies to both new and used equipment - as long as it is new to the buyer - and covers purchased or leased vehicles. Additionally, 100% bonus depreciation is available in 2026 for qualifying assets, which can further reduce taxable income. Refer to section179.org for the most up-to-date figures.

If you own a small business or work for yourself in the Statesville or Kannapolis area, Section 179 could be one of the most powerful tax tools available to you this year. At Randy Marion Chevrolet of Statesville, we work with local business owners and self-employed professionals every day who are looking to put their vehicle purchase to work before the December 31, 2026, deadline. This page is for informational purposes only -- please consult a qualified tax professional to determine how Section 179 applies to your specific situation.

Shop New Contact Us Visit Us

US tax form 1040, US Treasury check, and US dollar bills.

2026 Section 179 Tax Deduction Overview & Limits

Section 179 is a federal tax code provision that allows qualifying businesses to deduct the cost of certain equipment -- including vehicles -- in the year they are placed into service, rather than depreciating the cost over several years. Here is a quick breakdown of the key 2026 numbers and rules to know before you visit us in Statesville:

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?

Not every vehicle qualifies the same way under Section 179; the rules depend heavily on the vehicle's Gross Vehicle Weight Rating (GVWR). Chevrolet offers one of the broadest lineups in the industry, giving Statesville and Kannapolis business owners plenty of options to find a qualifying vehicle that fits their work needs. The chart below outlines the general deduction categories:

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

Eligible new Chevy models may include, but are not limited to:

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?

Using Section 179 starts with selecting a qualifying vehicle and placing it into service before December 31, 2026. The vehicle must be used for business purposes more than 50% of the time and must be titled in your company's name -- not your personal name -- to be eligible. From there, your tax professional can walk you through the specific deduction amounts and how bonus depreciation may further reduce your taxable income for the year.

The key is acting before year-end. Business owners in the Kannapolis and greater Iredell County area who are considering a new Chevy truck, van or SUV for their operations should start the process now to ensure delivery and registration are completed in time. Randy Marion Chevrolet of Statesville is here to help you find the right vehicle for your business.

Chevy Section 179 Tax Deduction FAQs

How do I qualify my Chevy vehicle for the Section 179 tax deduction in Statesville, NC?

To qualify, the vehicle must be purchased and placed into service before December 31, 2026, used for business purposes more than 50% of the time, and titled in your company's name - not your personal name. Randy Marion Chevrolet of Statesville can help you identify the right qualifying Chevy model for your business needs. Be sure to consult a tax professional to confirm eligibility for your specific situation.

Which Chevy models at Randy Marion Chevrolet of Statesville are eligible for Section 179?

Eligible models may include the Silverado HD, Silverado 1500, Silverado EV, Colorado, Express Cargo Van, Express Passenger Van, Suburban, Tahoe, and Traverse, depending on their Gross Vehicle Weight Rating. Vocational trucks and vans may qualify for the full Section 179 deduction, while heavy SUVs and trucks over 6,000 lbs. GVW carry a $32,000 maximum deduction. Visit Randy Marion Chevrolet of Statesville to explore the full commercial lineup and find the right fit for your business.

What is the 2026 Section 179 deduction limit for business vehicle purchases?

For 2026, the Section 179 deduction limit is $2,560,000, with a spending cap of $4,090,000 before the deduction begins to phase out on a dollar-for-dollar basis. The deduction applies to both new and used equipment - as long as it is new to the buyer - and covers purchased or leased vehicles. Additionally, 100% bonus depreciation is available in 2026 for qualifying assets, which can further reduce taxable income. Refer to section179.org for the most up-to-date figures.

Can I use Section 179 on a used Chevy truck or van for my Kannapolis business?

Yes, Section 179 applies to both new and used vehicles, as long as the vehicle is new to the buyer and meets all other eligibility requirements. Used vocational trucks and vans may qualify for the full Section 179 deduction when properly titled in your company's name and used for business more than 50% of the time. Consult your tax advisor to confirm how this applies to your specific purchase.

Where can I find commercial Chevy vehicles for Section 179 near Kannapolis, NC?

Randy Marion Chevrolet of Statesville serves business owners throughout Statesville, Kannapolis, and the greater Piedmont region with a broad selection of commercial Chevy trucks, vans, and SUVs. Whether your operation needs a heavy-duty Silverado HD, an Express Van for your service fleet, or a Tahoe for company transportation, our team is ready to help. Stop by our Statesville dealership or browse our commercial inventory online today to get started before the December 31 deadline.