GMC Tax Deductions

Jack Hanania Buick GMC

YOU COULD DEDUCT UP TO 100% OF THE PRICE OF A NEW GMC VEHICLE

No detail is too small for you and your business. That’s why the professionals at GMC want you to know about an offer that’s anything but small. Thanks to recently announced tax depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase price of qualifying new GMC vehicles purchased in 2022 for business use.

With these tax depreciation laws in place, it’s a great time to add the precise craftsmanship of GMC trucks and SUVs to your small business. To learn more about current offers, contact your dealer or visit www.gmc.com/tax-deductions

Federal tax depreciation deductions are only available for vehicles used in a trade or business, and are subject to change without notice. Each taxpayers’ tax situation is unique-please consult your tax advisor to determine your business’ vehicle depreciation deduction. 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 the availability or amount of any potential tax benefit or reduced tax liability.

UP TO $19,200 PER VEHICLE

(NO AGGREGATE LIMITATION)

TRUCKS

Canyon (except 4WD w/ 2.8L diesel)

SUVS/DENALI LINE

Terrain

Terrain Denali

UP TO 100% OF PURCHASE PRICE PER VEHICLE

(NO PER-VEHICLE OR AGGREGATE LIMITATION)

TRUCKS

Canyon (4WD w/ 2.8L diesel only)

Sierra 1500 (Short Box)

Sierra 1500 (Standard & Long Box)

Sierra 2500 HD (Standard & Long Box)

Sierra 3500 HD Chassis Cab

ELECTRIC

HUMMER EV

COMMERCIAL

Savana Passenger Van

Savana Cargo Van

Savana Cutaway Van

SUVS

Yukon

Yukon XL

Acadia

DENALI LINE

Yukon Denali

Yukon XL Denali

Acadia Denali

Sierra 1500 Denali (Short Box)

Sierra 1500 Denali (Standard & Long Box)

Sierra 2500 Denali HD (Standard & Long Box)

OTHER OFFERS FOR YOUR BUSINESS FLEET

BUSINESS CHOICE OFFERS

  • Available for vans and trucks
  • Accessory and upfit cash allowances
  • 3 months of commercial link

Learn More

FLEET INCENTIVE PROGRAMS

  • Fleet Purchase Program
  • Select retail and bonus cash programs
  • Available on variety of vehicle types

View Details

BUSINESS ASSOCIATION OFFERS

  • National Association of Home Builders
  • Associated Builders and Contractors, Inc.
  • Associated General Contractors of America

See Offers

[1]Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayers’ tax situation is unique; please consult your tax advisor to determine your business’ vehicle depreciation deduction. 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 2020 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2020 qualify for immediate depreciation deductions of up to $18,100 per vehicle. 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. 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 2020 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2019 qualify for immediate depreciation deductions of up to $18,100 per vehicle. 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.

[2]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 2019 qualify for immediate depreciation deductions of up to 100% of the purchase price.