Claim the Section 179 Tax Deduction at Ballas Buick GMC

Designed to bolster small- and medium-sized businesses investing in commercial transportation, the Section 179 tax incentive specifies deduction limits based on vehicle type and other factors. This makes it a perfect time to buy a GMC commercial truck or SUV for your business and save big. 

For 2026, here's what to expect:

• 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)