PUT FEDERAL TAX DEDUCTIONS AND CREDIT TO WORK FOR YOU
BUY A NEW GMC AND SAVE BIG!
You could get more tax benefits when you purchase the vehicles that you need. Both large and small businesses may be eligible to immediately deduct up to 100% of the purchase price of qualifying vehicles. Beginning in 2024, businesses that purchase qualifying electric vehicles by September 30, 2025 may qualify for a federal income tax credit of up to $7,500.
How Section 179 Works:
Thanks to the guidelines under the IRS 179 tax code you can earn a substantial tax deduction when you purchase, finance or lease any qualifying vehicle. The tax benefits provided under IRS section 179, allows many small businesses to write off the entire purchase cost of one or more qualifying new GMC trucks or vans.
NOW IS A GREAT TIME TO BUY!
Save with the tax savings opportunities above, or take advantage of our other available GMC offers.
SHOP NEW INVENTORY
*Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2024. Determining the proper income tax treatment of any vehicle purchase requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, characteristics and attributes of the particular vehicle purchased and the purchaser’s income tax situation. Each purchaser’s tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.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.
