What Is Section 179 and How Does It Benefit Business Owners?
Section 179 of the IRS tax code allows businesses to deduct the full purchase price of qualifying equipment and vehicles in the year they are placed into service, rather than depreciating them over several years. This can provide significant tax savings for business owners. For the 2025 tax year, the Section 179 deduction limit is $2.5 million. To qualify for the deduction, vehicles must be used for business purposes more than 50 percent of the time.
Business owners in Sherman Oaks, CA, can take advantage of Section 179 by purchasing eligible vehicles from their local dealership. By deducting the cost of these vehicles in the year they are placed into service, businesses can lower their taxable income and reinvest those savings into their operations.
GMC and Buick Models That Qualify for Section 179
Many popular GMC and Buick models are eligible for Section 179 deductions. These include:
- GMC Sierra 1500, 2500, and 3500 pickup trucks
- GMC Yukon and Yukon XL full-size SUVs
- GMC Savana cargo and passenger vans
- GMC Canyon midsize pickup truck
- GMC Acadia and Terrain crossover SUVs
- Buick Enclave full-size crossover SUV
- Buick Envision and Envista compact crossover SUVs
The deduction amount depends on the vehicle's Gross Vehicle Weight Rating (GVWR). Vehicles with a GVWR of 6,000 pounds or less qualify for a deduction of up to $20,000, while vehicles with a GVWR of more than 6,000 to 14,000 pounds qualify for a deduction of up to $31,300, and vehicles weighing more or modified for a specific work purpose can qualify for up to 100 percent of the purchase price.
Business owners in Sherman Oaks can maximize their tax savings by choosing a qualifying GMC or Buick vehicle while obtaining a reliable and versatile vehicle for their company's needs. Whether it's a Sierra pickup for a construction firm or an Enclave SUV for a real estate agency, there are many options to suit different industries.
Contact Us to Explore Section 179-Eligible Inventory
If you're a business owner interested in taking advantage of Section 179 tax deductions, contact Buick GMC Sherman Oaks to explore our eligible inventory and discuss your vehicle needs. Our knowledgeable sales staff can help you determine which GMC or Buick models best fit your business requirements and budget.