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.
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