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GMC Section 179 Tax Deduction
near Pooler, GA
If you're looking to take your business to the next level by growing your fleet of GMC trucks and Buick luxury cars, head to our GMC dealership near Pooler, GA, to find out how you can take advantage of the Section 179 Tax Deduction. What is Section 179? This tax code was created by the U.S. government for the purpose of helping small- and medium-sized businesses invest in themselves and grow.
Section 179 Requirements
What are the Section 179 qualifications? In order to claim the Section 179 Tax Deduction in 2022, you must purchase your vehicle and put it into service by December 31, 2021. Additionally, your GMC truck or Buick SUV must be used for business purposes at least 50% of the time. The 2021 deduction limit is $1,050,000. Some of the eligible models you'll find at our Savannah GM dealership include:
- GMC Terrain
- GMC Canyon
- GMC Sierra 1500
- GMC Sierra 2500HD
- GMC Sierra 3500HD
- GMC Sierra Chassis Cab
- GMC Acadia
- GMC Yukon
- GMC Yukon XL
- GMC Savana
- Buick Encore
- Buick Envision
- Buick Enclave
Section 179 Vehicle Deduction
When your company claims Section 179 Tax Deductions, you may be able to deduct up to 100% of the purchase price of eligible GMC and Buick models. This tax benefit can be applied to GMC commercial vehicles like new Sierra HD trucks and Savana Cargo Vans, as well as other trucks and SUVs. Looking to add a touch of refinement to the way you do business? You can also deduct the costs of eligible Buick models, such as the new Enclave SUV. Come by Critz Buick GMC to browse our full inventory of eligible commercial vehicles for sale near Pooler, GA!