Buying a GMC vehicle for your business can be more affordable thanks to federal tax benefits. With the Section 179 deduction, qualifying businesses may be able to deduct the full cost of certain vehicles in the same year they are put into use. Many GMC trucks and SUVs meet the weight requirements to qualify, making them a smart option for business owners who need dependable transportation.
Learning about GMC tax deductions can help businesses plan their purchases wisely. Vehicles with a gross vehicle weight rating (GVWR) of over 6,000 pounds often qualify for larger deductions. GMC models such as the Sierra 2500 HD, Sierra 3500 HD, and Yukon XL usually meet this requirement, which may allow businesses across New York to lower their taxable income.
At Milea GMC on East Tremont Ave, our team stays updated on federal tax rules that affect commercial vehicle buying. We can help find which GMC models meet Section 179 benefits and provide the paperwork needed for your tax professional. Contact us today to learn how choosing the right vehicle can help reduce your business tax bill.