A Red GMC Pickup Truck Parked Off-Road with a Man Pulling Supplies from the Bed

YOU DESERVE A BREAK THIS TAX SEASON

PUT FEDERAL TAX DEDUCTIONS AND CREDIT TO WORK FOR YOU

You could get more tax benefits when you purchase the vehicles that you need. Both large and small businesses may be eligible to immediately deduct up to 100% of the purchase price of qualifying vehicles. Beginning in 2024, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.*

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2024 ELIGIBLE VEHICLES

UP TO 100%

OF PURCHASE PRICE*

Large trucks, cargo vans and 10+ passenger vans – GVWR greater than 6,000 lbs.

Sierra 1500/2500/3500 – Standard and Long Bed
Sierra 3500 HD Chassis Cab
Savana Cargo Van
Savana Passenger Van (10+ passenger seating only)
Savana Cutaway

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.

Sierra 1500 – Short Bed (including Denali)
Yukon (including Denali)
Yukon XL (including Denali)
Acadia (including Denali)
Canyon
Savana Passenger Van (all except 10+ passenger seating)

UP TO $20,400

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

Terrain (including Denali)

FEDERAL INCOME TAX CREDITS FOR

ELECTRIC VEHICLES

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.

MAKE/MODEL

MODEL YEAR(S)

MAXIMUM CREDIT

GMC HUMMER EV SUV

2023-2025

$7,500

GMC HUMMER EV Pickup

2023-2025

$7,500

GMC Sierra EV (Denali Edition 1)

2024

$7,500

GMC Sierra EV

2025

$7,500

GMC HUMMER EV SUV

(Model Years 2023-2024)

Maximum Credit:
$7,500

GMC HUMMER EV PICKUP

(Model Years 2023-2024)

Maximum Credit:
$7,500

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.

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GM FINANCIAL
COMMERCIAL VEHICLE LENDING PROGRAM

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BUSINESS CHOICE OFFERS

Business Choice Offers* provide flexible solutions for your business. With cash allowances on either accessories or upfits,* you have more ways to get a deal on the purchase of your new vehicle.

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