New 2016 Guidelines Just Announced

Get a HUGE TAX BREAK For Your Business When You Buy A New Chevy Truck By Dec. 31st

Thanks to the new guidelines under IRS Section 179 of the IRS tax Code, many small businesses that invest in new equipment can now write-off up to $500,000 worth of these purchases on their 2016 IRS tax returns.1

Normally, small businesses spread these deductions over several years. But now, the tax benefits provided under IRS Section 179 allow many small businesses to write-off up to $500,000 of qualifying new equipment in the first year it is placed in service.1

Commonwealth Chevrolet Tax Break

 

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1. This analysis applies only to vehicles placed in service in the United States after December 31, 2015 and by December 31, 2016 with no written binding contract for acquisition in effect before January 1, 2016. The aggregate deduction of $500,000 under Internal Revenue Code Section 179 is most beneficial to small businesses that place in service less than $2,000,000 of “Section 179 property” during the year (vehicles and other business property).