BUSINESS TAX FACTS
You could qualify for a 2013 tax deduction of up to $500,0001.
New tax limitations for 2013 continue to provide significant tax benefits to small-business owners. Purchase eligible GM vehicles for your business before 12/31/13 to earn a tax deduction of up to $500,0001. You can also take advantage of other available incentives to maximize your savings.
Now is a great time to enhance your fleet while taking advantage of generous tax incentives.
Select a tab below to learn more.
If you purchase eligible GM vehicles this year, you may qualify for up to a $500,0001 deduction on your 2013 taxes.
Eligible GM vehicles include the Chevy Express/GMC Savana Cargo, Chevy Express/GMC Savana Cutaway, Chevy Silverado/GMC Sierra (standard and long box), and more.
You may also be able to take an additional first-year special depreciation allowance on certain eligible GM vehicle purchases.
This allowance is an additional deduction of 50% of your vehicle’s depreciable basis. For additional information, visit depreciationbonus.org.
GM offers the broadest vehicle lineup in the industry for your fleet and commercial needs, and many of our segment-leading cars, trucks, vans, SUVs and crossovers qualify for these tax benefits.
There are some limitations to the expense deduction, including vehicle eligibility.
As a business owner, you may already be eligible for special GM offers. If you qualify as a Fleet, be sure to review our fleet offers, including the National Fleet Incentive Program. Other offers may also apply, so visit your local dealer or request a quote online.
GM Business Choice rewards business owners with upfits or other value-added offers when you purchase an eligible GM vehicle for day-to-day business use. Choose from a variety of upfits like commercial bins, ladder racks, and adjustable shelving.
Whichever offer you choose, be certain that Business Choice is the right choice.