2026 Section 179 Tax Deduction | Heller Chevrolet El Paso, IL
Own a small business or work for yourself in El Paso? The 2026 Section 179 tax deduction may help you invest in the vehicles that keep your operation moving. Our team at Heller Chevrolet is here to walk you through the business-use vehicles in our inventory and connect you with financing that fits your goals. As a trusted Central Illinois dealership serving the area for 70 years and counting, we make it easy to shop with confidence when a work-ready Chevy is on your list. This content is provided for informational purposes only, so please consult a qualified tax professional to confirm how Section 179 applies to your specific situation.
What Is the Section 179 Deduction?
Section 179 is a portion of the federal tax code that lets qualifying businesses deduct the cost of eligible equipment, including certain business-use vehicles, in the year they're purchased and placed into service. For self-employed shoppers and small business owners near El Paso, that can make adding a capable new Chevy truck or SUV to your fleet a smart, strategic move. The details below are provided for general reference, so you can start the conversation with your tax advisor and our finance team.
2026 Section 179 Guidelines to Know
Section 179 comes with limits, caps and requirements that determine how it applies to your business. Review the general guidelines below, then talk with a qualified tax professional about your specific situation before making a purchase.
- 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, which is what makes it a true small-business tax incentive, with complete phase-out at $6,650,000.
- 2026 Bonus Depreciation: 100%1 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 and applies to new and used.
Additional requirements: the vehicle must be purchased and put into use before Dec. 31, 20261, must be used for business purposes more than 50% of the time and must be titled in the company's name, not the company owner's name.
Vehicle Weight Thresholds & Eligibility for Section 179
How a vehicle qualifies under Section 179 often depends on its gross vehicle weight rating (GVWR) and how it's used for your business. Heavier work-focused vehicles are generally treated differently than lighter passenger vehicles, which is why understanding the categories below matters.
- New & Used Vocational Trucks and Vans: Full Section 179 deduction available1
- Heavy SUVs & Trucks (Over 6,000 lbs. GVW) (excludes some pickups/vans): $32,000 maximum Section 1791
- Cars, Light Trucks & SUVs (Under 6,000 lbs.): Subject to IRS "luxury auto" depreciation limits (Section 280F)1
Business-Ready Chevy Models Near El Paso, IL
Our dealership offers an expansive inventory of new Chevy trucks and SUVs that many local businesses rely on for daily operations around El Paso and the surrounding Central Illinois communities. Our knowledgeable sales team can show you which options may line up with the Section 179 category that fits your plans. Because we carry both new and a vast selection of used cars for sale across the Heller Stores auto group, you have the flexibility to choose the vehicle and financing path that make sense for you.
Why Buy Your Business Vehicle at Heller Chevrolet?
Since The Heller Stores began in 1956, we've become known for exceptional service and a customer-focused sales process built around a large selection and low prices. Our commercial expertise makes us a top source for new and used work trucks nearby, and our team is ready to help you explore commercial Chevy trucks and vans that fit your business.
Shopping with us also comes with added value, including your first free oil change with any new purchase to keep your investment cared for down the road.1 Our reputation as the area's go-to Chevrolet dealership was earned one sale, one oil change and one lease deal at a time, and that community trust is why so many El Paso businesses come back to us.
Explore Section 179 Chevy Options at Heller Chevrolet
Ready to see which business-ready Chevy trucks and SUVs may work for your Section 179 strategy near El Paso? Visit us at 100 S Ford Dr in El Paso, browse our Chevy finance center or contact our team today and discover why so many across Central Illinois have made Heller Chevrolet their preferred Chevy dealership.
1 Information accurate at date of publishing. Refer to https://www.section179.org for most up-to-date specifications.
Read More:
Heller Chevrolet Section 179 Tax Deduction FAQs
Can vehicles be deducted under Section 179?
Yes, qualifying business-use vehicles can be deducted under Section 179, which lets eligible businesses deduct the cost of certain vehicles in the year they're purchased and placed into service. At our El Paso dealership, we carry an expansive inventory of trucks and SUVs that many local business owners rely on. Always consult a qualified tax professional to confirm eligibility for your specific situation.
Does Section 179 apply for used car purchases?
Yes, Section 179 applies to both new and used equipment, as long as the vehicle is new to the buyer and placed into business use before December 31, 2026. Thanks to our shared inventory across the Heller Stores auto group, El Paso business owners have access to a strong selection of used Chevy models alongside our new inventory, giving you flexibility in your purchasing decision.
Can Section 179 be claimed multiple times?
Section 179 can generally be claimed in more than one tax year for qualifying equipment placed into service, subject to the annual limits and business-use requirements that apply each year. The vehicle must still be used for business purposes more than 50% of the time and titled in the company's name rather than the owner's personal name. A qualified tax professional can help you understand how the deduction may apply to your business across multiple purchases.
What is the Section 179 tax deduction limit?
For 2026, the Section 179 deduction limit applies to qualifying new and used equipment purchased or leased and placed into service during the tax year. Heavy SUVs and trucks over 6,000 lbs. GVW are subject to a separate maximum, while lighter cars, trucks and SUVs under 6,000 lbs. fall under IRS luxury auto depreciation limits under Section 280F. Because these figures can be updated by legislation, we recommend confirming current limits with your tax advisor.
What is the 2026 Section 179 spending cap?
The 2026 Section 179 spending cap is the maximum amount a business can spend on eligible equipment before the available deduction begins to be reduced on a dollar-for-dollar basis, which is what makes it a true small-business incentive. Businesses that exceed the cap may also be able to take advantage of 100% bonus depreciation on eligible new and used equipment. Visit us at 100 S Ford Dr in El Paso to explore qualifying inventory, and consult a qualified tax professional to confirm how the spending cap applies to your business.
