Section 179 Tax Deduction
Section 179 Tax Deduction at Jessup Auto Plaza Buick GMC
YOU DESERVE A BREAK THIS TAX SEASON
PUT FEDERAL TAX DEDUCTIONS AND CREDIT TO WORK FOR YOU
You could get more tax benefits when you purchase the vehicles that you need. Both large and small businesses may be eligible to immediately deduct up to 100% of the purchase price of qualifying vehicles. Beginning in 2024, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.
SHOP NOW2024 Deduction Limit: $1,220,0001
Valid on new and used equipment (must be new to buyer) -- can be purchased or leased
2024 Spending Cap: $3,050,0001
After this cap is reached, deduction is reduced on dollar-for-dollar basis
2024 Bonus Depreciation: 60%1
Generally taken after Spending Cap is reached
Applicable to new and used vehicles
Tax incentive that allows a business to immediately deduct a large percentage of the purchase price of eligible assets
Qualifying GMC Models for Section 179
Section 179-eligible GMC vehicles
Want to enlist a new GMC Sierra HD or Savana Cargo Van in your fleet? Check out GMC models that qualify for Section 179:
| Up to 100% of Purchase Price1 | Up to $25,000(Plus up to 80% of the remaining purchase price plus standard depreciation deduction)1 |
|---|---|
| GMC Sierra 1500/2500/3500 - Standard & Long Bed | GMC Sierra 1500 - Short Bed |
| GMC Sierra 3500 HD Chassis Cab | GMC Yukon |
| GMC Savana Cargo Van | GMC Yukon XL |
| GMC Savana Passenger Van (10+ passenger seating only) | GMC Acadia |
| GMC Savana Cutaway | HUMMER EV Pickup |
| HUMMER EV SUV | |
| GMC Canyon | |
| GMC Savana Passenger Van (all except 10+ passenger seating) |
Jessup Auto Plaza Buick GMC
68111 E PALM CANYON DR, CATHEDRAL CITY, CA 92234
Contact UsHours
| Monday | 9:00AM - 7:00PM |
| Tuesday | 9:00AM - 7:00PM |
| Wednesday | 9:00AM - 7:00PM |
| Thursday | 9:00AM - 7:00PM |
| Friday | 9:00AM - 7:00PM |
| Saturday | 9:00AM - 7:00PM |
| Sunday | 10:00AM - 5:00PM |
| Monday | 7:00AM - 5:30PM |
| Tuesday | 7:00AM - 5:30PM |
| Wednesday | 7:00AM - 5:30PM |
| Thursday | 7:00AM - 5:30PM |
| Friday | 7:00AM - 5:30PM |
| Saturday | 10:00AM - 4:00PM |
| Sunday | Closed |
| you break it we fix it | |
| Monday | 7:00AM - 5:30PM |
| Tuesday | 7:00AM - 5:30PM |
| Wednesday | 7:00AM - 5:30PM |
| Thursday | 7:00AM - 5:30PM |
| Friday | 7:00AM - 5:30PM |
| Saturday | 8:00AM - 2:00PM |
| Sunday | Closed |