Section 179 Tax Benefits at Legacy GMC
Enhance your business operations this season with a premium commercial vehicle from Legacy GMC. Our GMC dealership near Biloxi proudly serves local Louisiana and Mississippi drivers with a versatile selection of trucks, SUVs and vans tailored to meet the demands of your growing business. Whether you need a durable work truck like the Sierra HD or a spacious Yukon XL SUV, we have options to fit your needs and budget.
Best of all, many of these vehicles qualify for the highly beneficial Section 179 tax deduction, making it easier than ever to invest in your business. This tax incentive allows you to deduct up to 100% of the purchase price of eligible vehicles from your business's annual taxes.1 To take full advantage of these valuable tax benefits, be sure to purchase and put your vehicle into service by December 31, 2024.
How Does Section 179 Work?
The Section 179 tax incentive is tailored to assist small- and medium-sized businesses investing in new GMC vehicles for commercial purposes. This program considers the needs of smaller companies by setting specific limits on the maximum deduction, which vary based on the type of vehicle and other criteria. Used GMC models also apply, provided the vehicle is "new to you" and put into service by the deadline. For the year 2024, the Section 179 limits include:
2024 Section 179 Deduction Limit:
$1,220,000 -- applicable for both new and used equipment, provided it is new to your business.
2024 Bonus Depreciation
60% -- applicable for both new and used equipment.
Passenger Vehicles Deduction Limit
Certain vehicle types like pickups and heavy-duty SUVs weighing between 6,000 and 14,000 pounds may qualify for a first-year maximum deduction of $30,500.
Which GMC Models Qualify for Section 179?
Up to 100% of Purchase Price |
Up to 100% of Purchase Price(Plus up to 60% of the remaining purchase price plus standard depreciation deduction) |
Up to $20,200 |
|
GMC Sierra 1500/2500/3500 - Standard & Long Bed |
GMC Sierra 1500 - Short Bed |
GMC Terrain |
|
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 |
GMC Canyon |
|
|
Savana Passenger Van (all except 10+ passenger seating) |
GMC Commercial Sales in Slidell, LA
Ready to test-drive a new GMC Sierra 1500 or Terrain near Biloxi? Have questions about buying a commercial vehicle out of state? Whether you reside in Louisiana or are crossing state lines from Mississippi, contact Legacy GMC or stop by our showroom to connect with our experienced team.
Our comprehensive commercial vehicle center is your trusted source for reliable heavy-duty trucks and versatile fleet vans from GMC, designed to not just meet but maximize your business needs. Enjoy efficient operations and significant savings by taking advantage of the Section 179 tax benefit at our local commercial GM dealership today!
Contact UsInformation is accurate as of the publishing date. Please consult a tax expert or visit www.Section179.org for the latest details.
Legacy GMC
293 East Howze Beach Road, Slidell, LA 70461
Contact UsHours
| Monday | 9:00AM - 8:00PM |
| Tuesday | 9:00AM - 8:00PM |
| Wednesday | 9:00AM - 8:00PM |
| Thursday | 9:00AM - 8:00PM |
| Friday | 9:00AM - 8:00PM |
| Saturday | 9:00AM - 7:00PM |
| Sunday | Closed |
| Monday | 7:30AM - 6:00PM |
| Tuesday | 7:30AM - 6:00PM |
| Wednesday | 7:30AM - 6:00PM |
| Thursday | 7:30AM - 6:00PM |
| Friday | 7:30AM - 6:00PM |
| Saturday | 8:00AM - 1:00PM |
| Sunday | Closed |
| Monday | 7:30AM - 6:00PM |
| Tuesday | 7:30AM - 6:00PM |
| Wednesday | 7:30AM - 6:00PM |
| Thursday | 7:30AM - 6:00PM |
| Friday | 7:30AM - 6:00PM |
| Saturday | 8:00AM - 1:00PM |
| Sunday | Closed |