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 2023 Section 179 Tax Deduction?
Discover significant tax benefits for your business in 2023! Our Section 179 Deduction allows you to deduct the full purchase price of new or used vehicles. To qualify for the deduction in the upcoming tax year, simply finance or purchase and put the equipment into service between January 1, 2023, and December 31, 2023. For 2023, $1,160,000 of assets can be expensed; that amount phases out dollar for dollar when $2,890,000 of qualified assets are placed in service.
But that’s not all – after reaching the spending cap, explore Bonus Depreciation, an additional benefit available for both new and used equipment. Don’t miss out on maximizing your tax savings – and reap the rewards!
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 2023 qualify for immediate depreciation deductions of up to 100% of the purchase price.