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GMC Tax Deduction

GMC Tax Deduction

YOU DESERVE A BREAK THIS TAX SEASON

PUT FEDERAL TAX DEDUCTIONS AND CREDIT TO WORK FOR YOU

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 2023, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.†

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 2023. 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.

2023 ELIGIBLE VEHICLES

UP TO 100%

OF PURCHASE PRICE†

Large trucks, cargo vans and 10+ passenger vans - GVWR greater than 6,000 lbs.

  • Sierra 1500/2500/3500 - Standard and Long Bed
  • Sierra 3500 HD Chassis Cab
  • Savana Cargo Van
  • Savana Passenger Van (10+ passenger seating only)
  • Savana Cutaway

UP TO $25,000

PLUS UP TO 80% OF THE REMAINING PURCHASE PRICE PLUS STANDARD DEPRECIATION DEDUCTION†

Other trucks, passenger vans and SUVs - GVWR greater than 6,000 lbs.

  • Sierra 1500 - Short Bed (including Denali)
  • Yukon (including Denali)
  • Yukon XL (including Denali)
  • Acadia (including Denali)
  • Canyon
  • Savana Passenger Van (all except 10+ passenger seating)

UP TO $20,200

All vehicles - GVWR 6,000 lbs. or less.

  • Terrain (including Denali)

BUILD ON YOUR BREAK

Whether you're shopping for a new vehicle for your business or looking for innovative ways to increase productivity, we have you covered. Explore the programs we've developed to keep your business running effectively and efficiently.

GM Finacial

GM FINANCIAL COMMERCIAL VEHICLE LENDING PROGRAM

The experienced team at GM Financial understands the sophisticated demands and complex financing requirements of today's commercial borrower. Our suite of Commercial Vehicle Lending products is designed to suit your unique business needs.

GMC Truck

BUSINESS CHOICE OFFERS

Business Choice Offers† provide flexible solutions for your business. With cash allowances on either accessories or upfits,‡ you have more ways to get a deal on the purchase of your new vehicle.

† PROGRAM REQUIREMENTS: The 2021 GM Business Choice Program is valid from January 5, 2021, through January 2, 2023. Customer must purchase or lease their vehicle during the program period and be prepared to provide proof of business ownership. Vehicle must be used in the day-to-day operations of the business and not solely for transportation purposes. This program may not be compatible with other offers or incentive programs. Consult with your GMC dealer for program compatibility and other restrictions. For complete program requirements, including information regarding offers, vehicles, equipment, options, warranties, and ordering, consult your GMC dealer.
‡ Upfits from an independent supplier are not covered by the GM New Vehicle Limited Warranty. GM is not responsible for the independent supplier alterations.
Commercial Link

THE LESS TAXING WAY TO RUN YOUR BUSINESS

Keep your business running at maximum efficiency with Commercial Link—the simple and easy vehicle management system available through OnStar®.† Receive important reporting, and track your vehicles' fuel efficiency, speed, maintenance and more.

Learn More
Visit onstar.com for coverage map, details and system limitations. Services vary by model. Service plan required.

GMC Tax Deduction