YOU COULD QUALIFY FOR A 2016 TAX DEDUCTION OF UP TO $ $500,000.
We know you rely on the dependability and craftsmanship of GMC vehicles for your business. With the 2016 tax incentives, you could be eligible for up to a total of $500,000 in tax dedications when you purchase qualifying GMC vehicles for your business before 12/31/16. And you can stack up select BUSINESS CHOICE OFFERS and other small business incentives to get an even bigger haul. To learn more about the current offers, contact your dealer or visit gmbusinesschoice.com for details and vehicle eligibility
GMC NEW-VEHICLE DEDUCTION ELIGIBILITY
There are some limitations to the expense deduction, including vehicle eligibility.
1 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. 2 For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is a $11,560 per-vehicle depreciation deduction cap for certain SUVs, trucks, and vans placed in service during 2016. 3 For vehicles that qualify as sport utility vehicles, including certain trucks and vans, under the Internal Revenue Code, the maximum amount that may be expensed is $25,000 of the total purchase price. The $25,000 expense cap contributes to the $500,000 dollar limit and $2,010,000 investment limit under Section 179. 4 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 2016 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 $2,010,000 of “Section 179 property” during the year. For every dollar spent on Section 179 property in excess of the overall limit of $2,010,000, the $500,000 expense-tax deduction decreases by a dollar. Certain vehicles, models, and restrictions apply. Consult your tax professional for details. ©2016 General Motors LLC. All rights reserved. The marks appearing in this ad are the trademarks or service marks of GM, its subsidiaries, affiliates, or licensors.