Your Tax Dollars At Work

YOU MAY BE ABLE TO WRITE OFF UP TO 100% OF THE PRICE* OF A NEW CHEVROLET VEHICLE 

Chevrolet has been working hard to help get the job done at your worksite. And thanks to recently announced tax laws,  your business may be eligible to immediately deduct up to 100% of the purchase price* of qualifying new Chevrolet vehicles purchased in 2024 for business use.  

With these tax laws in place, it’s a great time to add the dependability of Chevrolet cars, trucks and SUVs to your  small business. To learn more about current offers, contact us today! 

YOU MAY BE ABLE TO DEDUCT: 

Up to 100% of the purchase price* 

Large trucks, cargo vans and 12+ passenger vans –  GVWR* greater than 6,000 lbs. 

• Silverado 1500/2500 HD/3500 HD  (Standard or Long Bed Only ) 
• Silverado 3500 HD Chassis Cab Silverado 4500 HD/5500 HD/6500 HD Express Cargo Van 
• Express Passenger Van (12+ passenger  seating only) 
• Express Cutaway Low Cab Forward BrightDrop 400 
• BrightDrop 600 

Up to $30,500 plus up to 60% of the  remaining purchase price plus standard  depreciation deduction*

Other trucks, passenger vans and SUVs –  GVWR* greater than 6,000 lbs. 

• Silverado 1500 – Short Bed 
• Blazer 
• Suburban 
• Tahoe 
• Traverse 
• Colorado (all except 2WD with 5,800-lb.  GVWR) 
• Express Passenger Van (all except 12+  passenger seating) 
• Silverado EV WT  

Up to $20,400*

All vehicles – GVWR* 6,000 lbs. or less 

• Bolt EV 
• Bolt EUV 
• Camaro 
• Corvette 
• Malibu 
• Equinox 
• Trailblazer 
• Trax 
• Colorado (2WD with 5,800-lb. GVWR only)
  

PLUG INTO AN EV TAX CREDIT

Individuals, businesses and tax-exempt organizations that purchase a qualifying electric vehicle may qualify for a federal Clean Vehicle  or Commercial Clean Vehicle income tax credit of up to $7,500* for vehicles placed in service in a trade or business during 2024. 

Each purchaser’s tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount of any potential tax benefit or reduced tax liability.

* Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2024. Determining the proper income tax treatment of any vehicle purchase  requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, characteristics and attributes of the particular vehicle purchased and the purchaser’s income tax situation.  Each purchaser’s tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine  the proper tax treatment of any vehicle purchase(s). For more information, visit www.irs.gov. This advertisement is for informational purposes only and should not be construed as tax advice or as a promise of availability or amount  of any potential tax benefit or reduced tax liability.

*When properly equipped; includes weight of vehicle, passengers, cargo and equipment.

* Individuals, businesses and tax-exempt organizations that purchase a qualifying electric  vehicle for use in a trade or business may qualify for a federal Qualified Commercial Clean Vehicle income tax credit of up to $7,500. For more information, visit https://www.irs.gov/credits-deductions/commercial-clean-vehicle-credit.  Individuals who purchase a qualifying electric vehicle for non-business use may qualify for a federal Clean Vehicle income tax credit of up to $7,500, subject to additional restrictions. For more information, visit  https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after. Consult your tax advisor to determine the proper tax treatment of any vehicle purchase(s) including, without limitation, which vehicles  qualify, the amount of the available credit, how to claim the credit, how claiming a credit may impact other tax deductions and/or tax credits and for additional restrictions and limitations. Clean Vehicle and Commercial Clean Vehicles tax  credit amounts, eligibility requirements and other requirements, restrictions and limitations are subject to change without notice.