Vehicle Tax Information in Madison, WI
Take Advantage of New Tax Benefits:
Deduct up to 100% of purchase price of eligible vehicles
In recent years, tax laws were revised to benefit businesses large and small, which means companies of every size have an opportunity to save. Coupes, sedans, small trucks, and small SUVs can deduct up to $18,100 per vehicle1, while larger trucks, SUVs, and vans can deduct up to 100% of the purchase price2. Consult your tax advisor for tax implications and savings opportunities.
Federal tax depreciation deductions are only available for vehicles used in a trade or business, and are subject to change without notice. Each taxpayers' tax situation is unique-please consult your tax advisor to determine your business' vehicle depreciation deduction. For more information, visit irs.gov. This advertisement is for informational purposes only, and should not be construed as tax advice, or as a promise of the availability or amount of any potential tax benefit or reduced tax liability.
| Up to $18,100 per vehicle (No aggregate limitation) |
Up to 100% of purchase price per vehicle (No per-vehicle or aggregate limitation) |
|---|---|
| GMC Canyon | GMC Canyon Crew Cab 4WD |
| GMC Terrain | GMC Yukon |
| GMC Sierra 1500 | GMC Yukon XL |
| Buick LaCrosse | GMC Acadia |
| Buick Regal | GMC Sierra 2500HD |
| Buick Cascada | GMC Sierra 3500HD |
| Buick Encore | GMC Sierra 3500HD Chassis Cab |
| Buick Envision | GMC Savana Passenger Van |
| GMC Savana Cargo Van | |
| GMC Savana Cutaway | |
| Buick Enclave |
Other Offers for Your Business Fleet
Business Choice Offers
- Available for vans and trucks
- Accessory and upfit cash allowances
- 3 months of commercial link
Fleet Incentive Programs
- Fleet Purchase Program
- Select retail and bonus cash programs
- Available on variety of vehicle types
Business Association Offers
- National Association of Home Builders
- Associated Builders and Contractors, Inc.
- Associated General Contractors of America
1 Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayers’ tax situation is unique; please consult your tax advisor to determine your business’ vehicle depreciation deduction. Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2019 qualify for immediate depreciation deductions of up to 100% of the purchase price. Passenger automobiles as defined in the Internal Revenue Code (including SUVs, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2019 qualify for immediate depreciation deductions of up to $18,100 per vehicle. For more information, visit 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 Trucks, vans and sport utility vehicles as defined in the Internal Revenue Code with a GVWR over 6,000 lbs. and placed in service during 2019 qualify for immediate depreciation deductions of up to 100% of the purchase price.