Now you can get more deductions when you purchase the vehicles that give you more. Both large and small businesses are eligible to deduct up to 100% of the purchase price of qualifying vehicles. Coupes, sedans, small trucks and small SUVs could deduct up to $18,200 per vehicle† while larger trucks, SUVs and passenger vans could deduct up to 100% of the purchase price†.
UP TO $18,200 PER VEHICLE POSSIBLE
(NO AGGREGATE LIMITATION)
CHEVROLET
Chevrolet Camaro
Chevrolet Corvette
Chevrolet Spark
Chevrolet Malibu
Chevrolet Bolt EV
Chevrolet Bolt EUV
Chevrolet Equinox
Chevrolet Trailblazer
Chevrolet Trax
Chevrolet Colorado (except 4WD w/ 2.8L diesel)
GMC
GMC Terrain
GMC Terrain Denali
GMC Canyon (except 4WD w/ 2.8L diesel)
CADILLAC
Cadillac CT4
Cadillac CT5
Cadillac XT4
Cadillac XT6
BUICK
Buick Encore
Buick Encore GX
Buick Envision
UP TO 100% OF PURCHASE PRICE PER VEHICLE
(NO PER-VEHICLE OR AGGREGATE LIMITATION)
GM Dealers needing assistance, please call the FAC at (800) 353-3867
Federal tax benefits are available for vehicles acquired for use in the active conduct of trade or business and may change or be eliminated at any time without notice. Each taxpayer’s tax situation is unique; therefore, please consult your tax professional to confirm available vehicle depreciation deductions and tax benefits. For more information, visit irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability. Passenger automobiles as defined in the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2021 qualify for immediate depreciation deductions of up to $18,200 per vehicle. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2021 qualify for immediate depreciation deductions of up to 100% of the purchase price.
Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2021 qualify for immediate depreciation deductions of up to 100% of the purchase price.