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Up to $510,000 total deduction
(Aggregate, no per-vehicle purchase price limit) (4)
- Chevrolet Silverado (standard and long box)
- Chevrolet Silverado Chassis Cab
- Chevrolet Express Passenger Van
- Chevrolet Express Cargo Van
- Chevrolet Express Cutaway
- Low Cab Forward
Up to $11,560 total deduction per vehicle (1)
- Chevrolet City Express
- Chevrolet Colorado
- Chevrolet Equinox
- Chevrolet Trax
Up to $11,160 total deduction per vehicle (2)
- Chevrolet Camaro
- Chevrolet Corvette
- Chevrolet Cruze
- Chevrolet Impala
- Chevrolet Malibu
- Chevrolet Sonic
- Chevrolet Spark
- Chevrolet SS Sedan
- Chevrolet Volt
Up to $25,000 total deduction per vehicle (3)
- Chevrolet Silverado (short box)
- Chevrolet Suburban
- Chevrolet Tahoe
- Chevrolet Traverse
NEW Flexible Solutions for Your Business
New for 2017: Business Choice offers now include a 3-month trial of Commercial Link™ through OnStar. Commercial Link can help you keep your fleet running with maximum efficiency thanks to in-depth reporting on location, fuel, maintenance, and more.
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 $3,160 per-vehicle depreciation
deduction cap or $3,460 for certain SUVs, trucks, and vans placed in
service during 2017.
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 $2,000,000 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
2017 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. For every dollar spent on Section 179 property in
excess of the overall limit of $2,000,000, the $500,000 expensetax
deduction decreases by a dollar. Certain vehicles, models, and
restrictions apply. Consult your tax professional for details. ©2017
General Motors. All rights reserved. The marks appearing in this ad are
the trademarks or service marks of GM, its subsidiaries, affiliates, or
licensors.
