IS YOUR VEHICLE TAX DEDUCTIBLE?

November 30th, 2020 by

Come tax season, many ask this simple question to see if they can receive money back for their previous year’s purchase: Is my vehicle tax deductible? The Section 179 tax advantage is great news because this program will reimburse business owners who purchase a vehicle for commercial purposes. The Internal Revenue Service (IRS) grants business owners to claim up to $1,040,000* for a new or pre-owned vehicle purchased this year. Choosing a Buick or GMC model is a fantastic way to enhance your business profile, and now you can receive a tax break to go along with having an exceptional model within your commercial fleet. Just use the vehicle for more than 50% for commercial purposes. Another Section 179 tax advantage is you can add a 100% depreciation bonus on your commercial vehicle for this year. Remember to claim your purchase at tax season or shop for a new commercial model at Linus Buick GMC today.

Purchase A Commercial Vehicle Today

There is plenty of time to update your commercial vehicle fleet with a new or pre-owned Buick or GMC model. If your business needs a tough truck for hauling and towing, the GMC Sierra is up for the task with excellent payload and towing ratings. A commercial vehicle can be much more than a work truck to receive the Section 179 tax advantage. You may need to make deliveries or transport clients to and from different venues. Buick and GMC SUV models have elegance and grand efficiency that make for a stylish trip. We have models, such as the Buick Encore, the Buick Envision, and the GMC Yukon, that will make for an ideal business vehicle. Get a first-hand look at these high-quality models by visiting Linus Buick GMC.

Receive A Reimbursement

The Section 179 tax advantage is a wonderful tool to infuse resources into your business. You can use the money to upgrade tools, supplies, and even hire extra help. It all starts when you choose to use your vehicle for business purposes. Ask our sales professional for more information about this IRS program, and select a new Buick or GMC model for your business before the year ends.

SHOP NOW

*See a tax professional for complete details.

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