GMC 2021 Tax Savings

You Desereve a Break this Tax Season. You could deduct up to 100% of the Price of a New GMC Vehicle

YOUR TAX DOLLARS AT WORK


That’s why you turn to the professionals at GMC. Now,under new depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase of an unlimited number of qualifying GMC vehicles purchased in 2021 for business use.1

With the tax depreciation laws in place, it’s a great time to add the precise craftsmanship of GMC trucks and SUVs to your fleet. To learn more about current offers, contact your dealer or visit www.gmc.com/tax-deductions.

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FIRST YEAR DEPRECIATION LIMITS FOR 2021

UP TO $18,200 TOTAL DEDUCTION
(No aggregate limitation²)

  • Canyon
  • Terrain
  • Terrain Denali

Up to 100% of Purchase Price per Vehicle
(No per-Vehicle or Aggregate Limitation³)

  • Sierra 1500
  • Sierra 1500 Denali
  • Sierra 2500HD
  • Sierra 2500HD Denali
  • Sierra 3500HD
  • Sierra 3500HD Denali
  • Sierra 3500HD Chassis Cab
  • Acadia
  • Acadia Denali
  • Yukon
  • Yukon Denali
  • Yukon XL
  • Yukon XL Denali
  • Savana Cargo Van
  • Savana Passenger Van
  • Savana Cutaway
  • Canyon Crew Cab 4WD

¹Federal tax benefits are available for vehicles acquired for use in the active conduct of trade or business and may change or be eliminated at any time without notice and each taxpayer’s tax situation is unique; therefore, please consult your tax professional to confirm available vehicle depreciation deductions and tax benefits. For more information, visit www.irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advise, or as a promise of availability or amount of any potential tax benefit or reduced tax liability. 2 Passenger automobiles, as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.), and placed in service during 2021 qualify for immediate depreciation deductions of up to $18,200 per vehicle. 3 Trucks, vans and sport utility vehicles as defiqqned in the Internal Revenue Code with GVWR over 6,000 lbs. and placed in service during 2021 qualify for immediate depreciation deductions of up to 100% of the purchase price.