Now when you purchase qualifying GM vehicles for your business before 12/31/13, you could earn a tax deduction of up to $500,000. Plus you can take advantage of other available incentives to really increase your savings.
Up to $11,160 total deduction per vehicle:
- Chevrolet Camaro
- Chevrolet Corvette
- Chevrolet Cruze
- Chevrolet Equinox
- Chevrolet Impala
- Chevrolet Malibu
- Chevrolet Sonic
- Chevrolet Spark
- Chevrolet Volt
- Chevrolet SS Sedan
- Chevrolet Avalanche
- Chevrolet Express Passenger 1500
- Chevrolet Silverado (short box)
- Chevrolet Suburban
- Chevrolet Tahoe
- Chevrolet Traverse
- Chevrolet Express Cargo
- Chevrolet Express Cutaway
- Chevrolet Express Passenger 2500 and 3500
- Chevrolet Silverado (standard and long box)
- Chevrolet Silverado Chassis Cab
The tax incentives are available for depreciable tangible property that is acquired by purchase for use in the active conduct of a trade or business. Additional limitation based on purchases-for the 2013 tax year, the aggregate deduction of $500,000 under Internal Revenue Code Section 179 is most beneficial to small businesses that place in service no more than $2,000,000 of "Section 179 property" during the year. Certain vehicles, models, and restrictions apply. Consult your tax professional for details.
Each individual's tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit irs.gov, or to calculate your bonus depreciation, visit depreciationbonus.org.
For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is an $11,160 per-vehicle depreciation deduction cap.
For vehicles that qualify as sport utility vehicles under the Internal Revenue Code, there is a $25,000 per-vehicle depreciation deduction cap.
©2013 General Motors. All rights reserved.
- Call: 1-888-267-5511
- Click: www.CourtesyChev.com
- Visit: 1233 E. Camelback Road, Phoenix, AZ 85014