If you own a small business or work for yourself in Washington, Missouri area, the Section 179 tax deduction could be one of the most valuable tools available to you when purchasing a new vehicle. Our team at Modern Auto Company in Washington carries a strong selection of new Chevrolet and GMC trucks, vans and SUVs that may qualify, helping you put your purchase to work for your business before the end of the tax year. This content is for informational purposes only; please consult a qualified tax professional to determine eligibility and deduction amounts specific to your situation.
2026 Section 179 Tax Deduction Overview & Limits
Section 179 is a federal tax incentive designed to encourage small and mid-sized businesses to invest in equipment, including qualifying business vehicles. For tax year 2026, the deduction limits and bonus depreciation provisions are especially favorable for business owners across the Washington and Union, MO area who are considering a new Chevy or GMC vehicle. Review the key parameters below and speak with your tax advisor to understand how they apply to your business.
- 2026 Deduction Limit: $2,560,0001
- Good on new and used equipment (as long as new to the buyer)
- Purchased or leased
- 2026 Spending Cap: $4,090,0001 -- This is the maximum amount that can be spent on equipment before the Section 179 Deduction available to your company begins to be reduced on a dollar-for-dollar basis (making it a true small-business incentive)
- Deduction begins to be reduced on a dollar-for-dollar basis; this cap is what makes it a "small business tax incentive"
- Complete phase-out at $6,650,000
- 2026 Bonus Depreciation: 100%1
- Defined as: a tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
- Generally taken after the Spending Cap is reached
- Applies to new and used
- Must be purchased and put into use before Dec. 31, 20261
- Must be used for business purposes more than 50% of the time
- Must be titled in the company's name (not the company's owner's name)
Which Chevy Vehicles Qualify for Section 179?
Chevrolet offers one of the broadest lineups of work-ready trucks, vans and SUVs in the industry, and many of them meet the Gross Vehicle Weight Rating (GVWR) thresholds required for Section 179 eligibility. When your Franklin County business needs a heavy-duty hauler, a full-size cargo van or a capable crew cab, Modern Auto Company has Chevy options worth exploring with your tax professional.
Full Section 179 deduction available 1
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW) (excludes some pickups/vans): $32,000 maximum Section 179 1
- Cars, Light Trucks & SUVs (Under 6,000 lbs.): Subject to IRS "luxury auto" depreciation limits (Section 280F) 1
Eligible Chevy models may include, but are not limited to:
- Silverado 1500
- Silverado EV
- Silverado HD
- Colorado
- Express Cargo Van
- Express Passenger Van
- Suburban
- Tahoe
- Traverse
Which GMC Vehicles Qualify for Section 179?
GMC trucks and SUVs are built with professional-grade capability, and a number of models in the GMC lineup carry the GVWR needed to qualify for Section 179 treatment. From the Sierra HD to the Savana Cargo Van, GMC vehicles at Modern Auto Company in are ready to serve your business and potentially your bottom line. Ask our team about current inventory and talk to your tax advisor about which models make the most sense for your situation.
Eligible GMC models may include, but are not limited to:
- Acadia
- Canyon
- Savana Cargo Van
- Savana Passenger Van
- Savana Cutaway
- Sierra 1500
- Sierra HD
- Terrain
- Yukon
- Yukon XL
How Do I Use the Section 179 Tax Incentive?
Taking advantage of Section 179 starts with purchasing and placing a qualifying vehicle into business service before December 31, 2026.1The vehicle must be used for business purposes more than 50% of the time and must be titled in your company's name, not your personal name, to be eligible. Once those requirements are met, your tax professional can help you claim the deduction on IRS Form 4562 when you file your business taxes. Every business situation is unique, so consulting a qualified CPA or tax advisor is the best first step before making any purchasing decisions based on tax strategy.
Commercial Chevy & GMC Vehicles for Sale Near Union, MO
Modern Auto Company has been proudly serving Washington, Union and the surrounding Franklin County communities with a reliable selection of new Chevrolet and GMC vehicles. Contractors, small fleet operators and self-employed professionals looking for a capable work vehicle can count on our team to help find the right fit. Stop by our Washington dealership, browse our inventory online or give us a call to learn more about available Chevy and GMC models that may support your 2026 Section 179 strategy.
Read More:
- Why Buy from Modern Auto Company
- Ask a Finance Expert
- Commercial Chevy & GMC Trucks
- Commercial Vehicle Center
Disclaimer: This page is for informational purposes only and does not constitute tax or legal advice. Section 179 eligibility, deduction limits, and bonus depreciation provisions are subject to change. Please consult a qualified tax professional before making any purchasing or financial decisions.
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
Modern Auto Company Section 179 Tax Deduction FAQs
How do I qualify for the Section 179 tax deduction when buying a Chevy or GMC vehicle?
To qualify, your vehicle must be purchased and placed into business service before December 31, 2026, used for business purposes more than 50% of the time, and titled in your company's name rather than your personal name. Once those requirements are met, your tax professional can claim the deduction on IRS Form 4562 when filing your business taxes. Modern Auto Company in Washington carries a wide selection of Chevy and GMC trucks, vans and SUVs worth exploring with your advisor.
What is the 2026 Section 179 deduction limit for business vehicles?
For tax year 2026, the Section 179 deduction limit is $2,560,000, with a spending cap of $4,090,000 before the deduction begins to phase out on a dollar-for-dollar basis, making it a true small-business incentive. Additionally, 100% bonus depreciation is available and generally applies after the spending cap is reached. Consult a qualified CPA to determine how these limits apply to your specific business situation.
Can I use Section 179 on a GMC Sierra HD or Savana Van purchased at Modern Auto Company?
Yes; vocational trucks and vans like the GMC Sierra HD and Savana Cargo Van may be eligible for the full Section 179 deduction, while heavy SUVs and trucks over 6,000 lbs. GVW may qualify for up to a $32,000 maximum deduction. Modern Auto Company in Washington stocks both models and can help you find the right fit for your Franklin County business. Stop by or call our team to check current inventory.
Where can I find Section 179-eligible Chevy trucks and vans near Union, MO?
Modern Auto Company in Washington serves Union, Franklin County and the surrounding communities with a reliable selection of new Chevrolet and GMC work vehicles, including the Silverado HD, Express Cargo Van and Silverado EV. Contractors, small fleet operators and self-employed professionals can rely on our team to help find a capable vehicle that fits your 2026 tax strategy. Browse inventory online or visit our Washington, MO dealership today.
Are there GVWR requirements that determine how much of a Section 179 deduction my business vehicle qualifies for?
Yes, a vehicle's Gross Vehicle Weight Rating (GVWR) directly affects the Section 179 deduction amount available. Vocational trucks and vans receive the full deduction, heavy SUVs and trucks over 6,000 lbs. GVW are capped at $32,000, and vehicles under 6,000 pounds. are subject to IRS Section 280F luxury auto depreciation limits. Visit Modern Auto Company in Washington or speak with a qualified tax advisor to identify which models best support your deduction goals.