BUSINESS TAX fAcTS

6 downloads 266 Views 902KB Size Report
New tax limitations for 2012 continue to provide significant tax benefits to small business owners.2. Now when ... Chevr
T:8.5”

BUSINESS TAX facts

You could qualify for a 2012 tax deduction of up to $139,000 1

New tax limitations for 2012 continue to provide significant tax benefits to small business owners.2

GM Vehicle Deduction Eligibility

T:11”

Now when you purchase qualifying GM vehicles for your business before 12/31/12, you could earn a tax deduction of up to $139,000. Plus you can stack other available incentives to really increase your savings. There are some limitations to the expense deduction, including vehicle eligibility.

Up to $11,160 3

Up to $11,360 4

Up to $25,000 5

total deduction per vehicle

total deduction per vehicle

total deduction per vehicle

Up to $139,000 1 total deduction (Aggregate, no per vehicle limit)

Chevrolet Camaro

Chevrolet Colorado

Chevrolet Avalanche

Chevrolet Express Cargo

Chevrolet Captiva Sport

Chevrolet Colorado Chassis Cab

Chevrolet Express Passenger 1500

Chevrolet Express Cutaway

Chevrolet Corvette

Chevrolet Silverado (short box)

Chevrolet Cruze

Chevrolet Suburban

Chevrolet Express Passenger 2500 and 3500

Chevrolet Equinox

Chevrolet Tahoe

Chevrolet Impala

Chevrolet Traverse

Chevrolet Silverado (standard and long box)

Chevrolet Malibu

Chevrolet Silverado Chassis Cab

Chevrolet Sonic Chevrolet Spark Chevrolet Volt

For additional business savings opportunities, ask your dealer about the GM Business Choice Program, or visit gmbusinesschoice.com for program details and vehicle eligibility To learn more, visit gmfleet.com/vehicle-tax-deductions/index.jsp 1

 he tax incentives are available for depreciable tangible property which is acquired by purchase for use in the active conduct of a trade or business. Additional limitation based T on purchases—for the 2012 tax year, the aggregate deduction of $139,000 under Internal Revenue code Section 179 is most beneficial to small businesses that place in service no more than $560,000 of “Section 179 property” during the year. Certain vehicles, models and restrictions apply. Consult your tax professional for details.

2

 ach individual’s tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit E www.irs.gov, or to calculate your bonus depreciation, visit www.depreciationbonus.org.

3

For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is a $11,160 per vehicle depreciation deduction cap.

4

For vehicles that qualify as passenger automobiles under the Internal Revenue Code that are trucks or vans, there is a $11,360 per vehicle depreciation deduction cap.

5

For vehicles that qualify as sport utility vehicles under the Internal Revenue Code, there is a $25,000 per vehicle depreciation deduction cap.

© 2012 General Motors. All rights reserved.

Version # 3 Mech Scale 100

Trim 8.5" x 11"

Print Scale None

Live 8" x 10.5"

Stock None

Proj Mgr C.Senn Acct Svc None Prod Mgr A.Finnan Art Buyer None

Colors Spec’d None

Copy Edit None

Special Instr. None

Mac sforza

Last Modified

Linked Graphics

Copy Writer None

Finishing None

Publications None

GMC1-FCO-12-03179-364 TaxFlyer Chevy_v3.indd

Art Director None

Bleed 9" x 11.5"

Folded Size None

Document Name

gm stripes field_fineline.ai 12CHSL30372R2.jpg Chevrolet_Bowtie_MD_5in_SF4C.ai 12CHTA30162USA-Tahoe.tif 12KTFLCHSW049.tif 12CHMA10008-malibu.jpg COLOURBOX1995801.jpg

Colors In-Use RGB

245 ppi

RGB RGB RGB RGB

1692 ppi 741 ppi 501 ppi 1577 ppi

Cyan Magenta Yellow Black

User ma-jsforza-mac Mechd By: TBD

5-8-2012 12:02 PM

Printer

Output Date

TITAN

5-8-2012 12:02 PM

RTVd By: TBD

CD/ACD

copywriter

AD

ACCT SeRVICE

PROD

COPY EDIT

BY SIGNING YOUR INITIALS ABOVE, YOU ARE STATING THAT YOU HAVE READ AND APPRO VED THIS WORK.

5-8-2012 12:02 PM

364

Job Description TaxFlyer Chevy

Content

Job # GMC1-FCO-12-03179