Coulter Motor Company

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TAX DEDUCTIONS UP TO $139,000…FIND OUT IF YOU QUALIFY


New tax limitations for 2012 continue to provide significant tax benefits to small business owners.

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.

The 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 on purchases for the 2012 tax year, the aggregate deduction of $139,000 under IRS 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.

For vehicles that qualify as a passenger automobile under IRS code, there is a $11,160 per vehicle depreciation deduction cap.

For vehicles that qualify as a passenger automobile under IRS code, there are trucks or vans, there is a $11,360 per vehicle depreciation deduction cap.

For vehicles that qualify as a sports utility under IRS code, there is a $25,000 per vehicle depreciation deduction cap.

Consult your tax professional for details.

Small Business Owners can save up to $139,000 according to Section 179

Small Business Owners can save up to $139,000 according to Section 179

 

GMC VEHICLE DEDUCTION ELIGIBILITY     There are some limitations to the expense deduction, including vehicle eligibility
Up to $11,160

Total deduction per vehicle

Up to $11,360

Total deduction per vehicle

Up to $25,000

Total deduction per vehicle

Up to $139,000

Total deduction

(Aggregate, no per vehicle limit)

Buick LaCrosse GMC Canyon Buick Enclave GMC Savana Cargo
Buick Regal Cadillac Escalade GMC Savana Cutaway
Cadillac ATS Cadillac Escalade ESV GMC Savana Passenger 2500
Cadillac CTS Coupe Cadillac Escalade EXT GMC Savana Passenger 3500
Cadillac CTS Sedan GMC Acadia GMC Sierra (standard and long box)
Cadillac CTS Sport Wagon GMC Savana Passenger 1500 GMC Sierra Chassis Cab
Cadillac DTS GMC Sierra (short box)  
Cadillac SRX Crossover GMC Yukon  
Cadillac XTS GMC Yukon XL  
GMC Terrain    
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December 6, 2012 - Posted by | Advertised Specials, Buick, Cadillac, Coulter Tempe, GMC Trucks | , , , , , , , , , , , , , , , ,

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