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.â€
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.â€
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.
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