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Buick GMC Business Tax Deductions 2013
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Buick GMC Business Tax Deductions 2013

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Gary Lang Buick GMC is excited to announce new tax deductions for business owners on new Buick models and new GMC models. Contact our Commercial Specialist, Jeff Lang, at 815-385-2100 for more …

Gary Lang Buick GMC is excited to announce new tax deductions for business owners on new Buick models and new GMC models. Contact our Commercial Specialist, Jeff Lang, at 815-385-2100 for more information.

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  • 1. BUSINESS TAX fAcTS YoU coUld qUAlIfY for A 2013 TAX dEdUcTIoN of Up To $500,000 1 2 New tax limitations for 2013 continue to provide significant tax benefits to small-business owners. Now when you purchase qualifying GM vehicles for your business before 12/31/13, you could earn a tax deduction of up to $500,000. Plus you can take advantage of other available incentives to really increase your savings. GM Vehicle DeDuction eliGibility There are some limitations to the expense deduction, including vehicle eligibility. up to $11,160 3 total deduction per vehicle up to $500,000 1 up to $25,000 4 total deduction per vehicle Buick Encore total deduction (Aggregate, no per-vehicle limit) Buick Enclave GMC Savana Cargo Buick LaCrosse GMC Acadia GMC Savana Cutaway Buick Regal GMC Savana Passenger 1500 Buick Verano GMC Sierra (short box) GMC Savana Passenger 2500 and 3500 GMC Terrain GMC Yukon GMC Sierra (standard and long box) GMC Yukon XL GMC Sierra Chassis Cab For additional business savings opportunities, ask your dealer about the GM Business Choice Program, or visit gmbusinesschoice.com for program details and vehicle eligibility. Gary Lang Auto Group | www.garylangauto.com 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 2013 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. Certain vehicles, models, and restrictions apply. Consult your tax professional for details. 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, or to calculate your bonus depreciation, visit depreciationbonus.org. 2 For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is an $11,160 per-vehicle depreciation deduction cap. 3 For vehicles that qualify as sport utility vehicles under the Internal Revenue Code, there is a $25,000 per-vehicle depreciation deduction cap. 4 ©2013 General Motors. All rights reserved.

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