YOUR SAVINGS THIS TAX SEASON

 

YOU PAY ATTENTION TO THE FINEST DETAILS

That's why you turn to the professionals at GMC. Now, under new depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase of an unlimited number of qualifying GMC vehicles purchased in 2020 for business use.1

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

HURRY IN FOR THE BEST SELECTION OF 2020 MODELS WHILE THEY LAST

FIRST YEAR VEHICLE DEPRECIATION LIMITS FOR 2020

UP TO $18,000 TOTAL DEDUCTION

(No aggregate limitation2)

2020 Canyon
2020 Canyon Denali
2020 Terrain
2020 Terrain Denali

UP TO 100% OF PURCHASE PRICE

(No per-vehicle or aggregate limitation3)

2020 Sierra 1500
2020 Sierra 1500 Denali
2020 Sierra 2500HD
2020 Sierra 2500 HD Denali
2020 Sierra 3500HD
2020 Sierra 3500 HD Denali
2020 Sierra Chassis Cab
2020 Acadia
2020 Acadia Denali
2020 Yukon
2020 Yukon Denali
2020 Yukon XL
2020 Yukon XL Denali
2020 Savana Cargo Van
2020 Savana Passenger Van
2020 Savana Cutaway
2020 Canyon Crew Cab 4WD

1Federal tax benefits are available for vehicles acquired for use in the active conduct of trade or business and may change or be eliminated at any time without notice and  each taxpayer's tax situation is unique; therefore, please consult your tax professional to confirm available vehicle depreciation deductions and tax benefits. For more information, visit www.irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advise, or as a promise of availability or amount of any potential tax benefit or reduced tax liability. 

2Passenger 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. 

3Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with GVWR over 6,000 lbs. and placed in service during 2020 qualify for immediate depreciation deductions of up to 100% of the purchase price.