You could immediately write off up to 100% of the purchase price of eligible GMC and Buick vehicles using the section 179 tax deduction. It’s a tax break that can help both small and large business owners save money on new vehicles that they are utilizing for work.
This tax code was created by the U.S. government for the purpose of helping small- and medium-sized businesses invest in themselves and grow. When your company claims Section 179 Tax Deductions, you may be able to deduct up to 100% of the purchase price of eligible GMC and Buick models. This tax benefit can be applied to GMC commercial vehicles like new GMC Sierra HD trucks and Savana Cargo Vans, as well as other trucks and SUVs. Looking to add a touch of refinement to the way you do business? You can also deduct the costs of eligible Buick models, such as the new Buick Enclave SUV. Come by Ettleson Buick GMC to browse our full inventory of eligible Buick and GMC models for sale in Hodgkins, IL.!
In order to claim the Section 179 Tax Deduction for the 2023 fiscal year, you must purchase your Buick or GMC vehicle and put it into service by December 31, 2023. Additionally, your GMC truck or Buick SUV must be used for business purposes at least 50% of the time.