Max your Return at Bob Brown Chevrolet

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Each individual's tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit www.irs.gov, or to calculate your bonus depreciation, visit www.depreciationbonus.org

For additional business savings opportunities, ask your dealer about the GM Business Choice Program, or visit gmbusinesschoice.com for program details and vehicle eligibility.5

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 2011 tax year, the aggregate deduction of $500,000 under Internal Revenue code Section 179 is most beneficial to small businesses that place in service no more than $2,000,000 of "Section 179 property" during the year. Certain vehicles, models and restrictions apply. Consult your tax professional for details.
For vehicles that qualify as sport utility vehicles under the Internal Revenue Code, the $25,000 expense deduction may be available. Each individual's tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit www.irs.gov.
Each individual's tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit www.irs.gov, or to calculate your bonus depreciation, visit www.depreciationbonus.org.
IRC Section 280F(d)(7)(B) requires that the limitation under IRC Section 280F(a)(1) be adjusted annually, based on the CPI automobile component for October of the preceding year. In Revenue Procedure 2011-18, the IRS adjusted the section 280F depreciation limit to $3,160 for trucks and vans and $3,060 for passenger automobiles placed in service during 2010, which are not subject to the Section 168(k) election to decline the bonus depreciation and AMT depreciation relief. The applicable first-year depreciation limits have been temporarily increased by $8,000. These amounts are subject to a CPI adjustment for 2011.
Consult your own tax advisor before claiming any credit. Shown with equipment from an independent supplier and is not covered by the GM New Vehicle Limited Warranty. GM is not responsible for the safety or quality of independent supplier alterations.