
Don't let the year come to an end without taking advantage of Section 179 Tax Savings for work vehicles!Â
Valley Chevrolet would like to remind our valued customers that in order to receive the benefits of Section 179, action must be taken before the year end. This tax incentive is a great way to prepare your business for next year while also saving money on taxes this year if applicable.Â
Section 179 is a true small and medium sized business incentive. It allows businesses to deduct the full purchase price of equipment on purchases of up to $1,040,000. Equipment that is purchased, financed, or leased during that year are eligible, and that amount is deducted from your gross income. Â