Deduct Up to 100% on the Price of Your Next GMC

Shop Eligible Vehicles

Put your tax dollars to work

As a business owner, finding ways to save on vehicle expenses can be a tremendous help financially. One option that you may not be aware of is the Section 179 tax deduction. This deduction can help you save money on your taxes while still buying the vehicles you need for your business.

CONTACT US

* Indicates a required field

By clicking “Submit,” I consent to Howard Bentley Buick GMC contacting me by phone or text about goods or services. I confirm that I am the owner or authorized user of this number. I understand my consent is not required as a condition of purchase and can be revoked at any time by replying “STOP” or providing written notice. Msg & data rates may apply.

2024 Tax Incentives

Put Federal Tax Deductions and Credits 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 price1 of qualifying vehicles. In 2024, businesses that purchase qualifying electric vehicles may qualify for a federal income tax credit of up to $7,500.3

2024-2025 Eligible Vehicles




• • • • • • • • • • • • • • • • • • • • • • •

Vehicle Brand

Up to 100% of the purchase price1



• • • • • • • • • • • • • • • • • • • • • • •

Large Trucks, Cargo Vans and 10+ Passenger Vans - GVWR greater than 6,000 lbs.

Up to $30,500 plus up to 60% of the remaining purchase price plus standard depreciation deduction1

• • • • • • • • • • • • • • • • • • • • • • •

Other Trucks, Passenger Vans and SUVs - GVWR greater than 6,000 lbs.

Up to $20,4001




• • • • • • • • • • • • • • • • • • • • • • •

All Vehicles2 - GVWR 6,000 lbs. or less

GMC

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

Sierra 1500 - Short Bed
(incl. Denali)

Yukon (incl. Denali)

Yukon XL (incl. Denali)

Acadia (incl. Denali)

HUMMER EV Pickup

HUMMER EV SUV

Canyon

Savana Passenger Van
(all except 10+ passenger seating)

Terrain (incl. Denali)

Buick

N/A

Enclave (incl. Avenir)

Encore GX

Envision (incl. Avenir)

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 $7,5003 for vehicles placed in service in a trade or business during 2024.

Make

Model

Model Year(s)

Maximum Credit

GMC

HUMMER EV SUV
-------------------------
HUMMER EV Pickup
-------------------------
Sierra EV Denali
Edition 1

2023-2025
-------------------------
2023-2025
-------------------------
2024-2025

$7,500
-------------------------
$7,500
-------------------------
$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.

Chart Disclaimers:

  1. 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.
  2. When properly equipped; includes weight of vehicle, passengers, cargo and equipment.
  3. 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-deduction20s/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.

VEHICLES ELIGIBLE FOR DEDUCTIONS







Tax, title, license and dealer fees (unless itemized above) are extra. All prices, specifications, and availability subject to change without notice. Contact dealer for most current information. Quoted prices include current cash rebates which may not be combinable with subvented apr offers. Any dealer installed options will be extra (where applicable). Due to the volatility of factory and dealer discounts, and changes that occur within the month, our pricing is subject to change without notice. MPG estimates on this website are EPA estimates; your actual mileage may vary. For used vehicles, MPG estimates are EPA estimates for the vehicle when it was new. The EPA periodically modifies its MPG calculation methodology; all MPG estimates are based on the methodology in effect when the vehicles were new (please see the “Fuel Economy” portion of the EPA’s website for details, including a MPG recalculation tool).