GMC Section 179 Tax Deductions near Lancaster, NH

2019 GMC Section 179 Tax Deductions header

You Deserve a Tax Break!

If you're a small-business owner looking to buy a new GMC commercial vehicle, then you're in luck. Now is the perfect time to finance a new GMC truck and save with the Section 179 Tax Deduction. When you take advantage of the Section 179 Tax Code at our GMC dealership near Lancaster, NH, you may be eligible to deduct the complete costs of qualifying equipment within the current tax year, up to $1,000,000. Stop by St J Auto Buick GMC and speak with our GMC finance team to learn more about how you can save with the Section 179 Tax Deduction!

What is the Section 179 Tax Deduction? This IRS tax code was designed to promote growth among small businesses and give them the chance to promote their company. When you claim the Section 179 Tax Deduction, you may be eligible to deduct up to 100% of the purchase price of qualifying GMC commercial vehicles. You can even save on select GMC SUVs and passenger vehicles so long as they are used for business purposes at least 50% of the time. To claim your Section 179 tax benefits, you must put your vehicle into service the same year it is purchased -- so buy your new GMC vehicle before December 31, 2018!

First Year Vehicle Depreciation Limits for 2018:

Up to 100% of Purchase Price1 (no per-vehicle or aggregate limitation)

 

 

Up to $18,000 Total Deduction per Vehicle2 (no aggregate limitation)

 

  • When you come into our New Hampshire GMC dealership, you'll always be able to find the GMC work trucks and vans your business needs. Whether you're looking for a commercial GMC Sierra 1500 truck or a new GMC Acadia SUV, our GMC finance team will make sure you know everything you need to start saving with the Section 179 Tax Deduction. Contact St J Auto Buick GMC to learn more about how you can qualify under the Section 179 Tax Code!

  • 1Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2018 qualify for immediate depreciation deductions of up to 100% of the purchase price. 2Passenger automobiles as defined under the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR of 6,000 lbs. or less) and placed in service during 2018 qualify for immediate depreciation deductions of up to $18,000 per vehicle.

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