Tax Deduction at Liberty Chevy
Business Owners: There’s Over 1,000,000 Reasons to Visit Liberty Now!
Liberty Chevrolet makes it easy for business owners like yourself to take full advantage of IRS Section 179 deductions.†
What is the 2022 Section 179 Tax Deduction?
This year, the Section 179 deduction is $1,080,000 (up from $1,050,000 in 2021). Companies in the U.S. can deduct the full price of qualified equipment purchases, up to $1,080,000, with a “total equipment purchase” limit of $2.7 million (up from $2.62 million in 2021). This includes both new and used qualified equipment.
Under the 2022 tax depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase price of an unlimited number of qualifying Chevy vehicles purchased in 2022 for business use.†
Liberty Chevrolet is a full-service Medium Duty Commercial Truck dealer, offering a wide range of medium duty trucks, vans, accessories and upfitting services. If you’re looking to improve your fleet – or just want a more comfortable ride when working on the road – fill out the form below or call Liberty Chevrolet today and get the vehicles – and tax benefits – you deserve.
We’ve mobilized our Business Services Department to provide you with priority service in helping you to purchase eligible vehicles.
Liberty Chevrolet Business Services Hotline: (877) 344-5895
†Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2022 qualify for immediate depreciation deductions of up to 100% of the purchase price.
†Passenger automobiles as defined under the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR of 6,000 lbs. or less) and placed in service during 2022 qualify for immediate depreciation deductions of up to $19,200 per vehicle.