Illinois business owners looking to expand their commercial fleet can maximize savings with help from the team at Dan Hecht Chevrolet Toyota near Olney. We specialize in helping local businesses leverage tax incentives like Section 179 to reduce costs while acquiring reliable work trucks and commercial vehicles.
The Section 179 tax deduction offers substantial savings for small and medium businesses investing in qualifying vehicles. Our commercial vehicle experts understand the eligibility requirements and can guide you toward the right new Chevy or used Toyota for sale near Olney that meets your business needs and maximizes your tax benefits.
What Are the 2025 Section 179 Deduction Limits?
The Section 179 tax deduction helps Illinois businesses grow by offering significant tax relief on qualifying vehicle purchases. The 2025 Section 179 limits include:
- 2025 Deduction Limit: $2,500,000¹
- Applies to both new and used equipment, as long as it's new to your business and purchased or leased for operational use.
- 2025 Spending Cap: $4,000,000¹
- Upon exceeding this cap, the deduction amount begins to phase out dollar for dollar.
- Bonus Depreciation: 100%¹
- Allows for full, immediate deduction of qualifying expenses after the spending cap is reached.
To leverage these savings, your vehicle must be acquired and put into service by December 31, 2025.¹
What Chevy & Toyota Vehicles Are Eligible for Section 179?
Many new Chevrolet and used Toyota vehicles in Effingham qualify for Section 179 tax deductions. The key requirement is that the vehicle must be new to your business operations. Most work vehicles qualify for the full deduction, while some passenger vehicles are eligible for partial deductions:
- New & Used Vocational Trucks and Vans: Full Section 179 deduction available¹
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW): $31,300 maximum Section 179¹
- Cars, Light Trucks & SUVs (Under 6,000 lbs.): $20,400 first-year maximum¹
Qualifying Chevy Vehicles:
Some Chevy vehicles near Olney that may qualify for full or partial tax deductions can include:
- Chevy Express Cargo Van
- Chevy Express Cutaway
- Chevy Express Passenger Van
- Chevy Silverado 1500
- Chevy Silverado 2500 HD
- Chevy Silverado 3500 HD
- Chevy Blazer & Blazer EV
- Chevy Colorado
- Chevy Equinox EV
- Chevy Silverado EV WT
- Chevy Suburban
- Chevy Tahoe
- Chevy Traverse
- And more!
Qualifying Toyota Vehicles:
Our auto dealership has several reliable Toyota trucks and SUVs for sale that may qualify for Section 179 and are ideal for Illinois businesses:
- Toyota Tundra
- Toyota Tacoma
- Toyota Sequoia
- Toyota 4Runner
- Toyota Land Cruiser
- Toyota Highlander
- And more!
Eligibility depends on your intended business use, vehicle type and size. Our commercial auto sales team can provide a complete breakdown and help you find the best options for full or partial tax deductions.
Save with Section 179 in Illinois
Ready to maximize your business savings? Contact us at Dan Hecht Chevrolet Toyota to learn more about Section 179 tax deduction opportunities. Many Chevy and Toyota vehicles qualify for either full or partial deductions, helping your business save significantly on essential commercial vehicles.
Remember, you must acquire and put your chosen vehicle into service by December 31, 2025, to qualify for this year's incentive. Don't wait -- these tax savings can make a real difference for your business.
Read More: How to Cosign a Car | Buy a Car with Tax Refund | Affordable Commuter Cars
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.