FLEET VEHICLE 2022 TAX INCENTIVES
PUT TAX DOLLARS TO WORK FOR YOU
Now you can get more deductions when you purchase the vehicles that give you more. Both large and small businesses are eligible to deduct up to 100% of the purchase price of qualifying vehicles. Coupes, sedans, small trucks and small SUVs could deduct up to $19,200 per vehicle* while larger trucks, SUVs and passenger vans could deduct up to 100% of the purchase price**.
Immediately write off up to 100% of the purchase price of eligible Chevy vehicles.*** For 100 years, Chevy has helped business owners do what it takes to get the job done. Now, under new tax depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase price of an unlimited number of qualifying Chevy vehicles purchased in 2022 for business use.
UP TO $19,200 PER VEHICLE POSSIBLE (NO AGGREGATE LIMITATION)
- Chevrolet Camaro
- Chevrolet Corvette
- Chevrolet Spark
- Chevrolet Malibu
- Chevrolet Bolt EV
- Chevrolet Bolt EUV
- Chevrolet Colorado (except 4WD w/ 2.8L diesel)
- Chevrolet Equinox
- Chevrolet Trailblazer
- Chevrolet Trax
UP TO 100% OF PURCHASE PRICE PER VEHICLE (NO PER-VEHICLE OR AGGREGATE LIMITATION)
- Chevrolet Blazer
- Chevrolet Colorado (4WD w/ 2.8L diesel only)
- Chevrolet Silverado (Short Box)
- Chevrolet Suburban
- Chevrolet Tahoe
- Chevrolet Traverse
- Chevrolet Silverado (Standard & Long Box)
- Chevrolet Silverado 2500 HD
- Chevrolet Silverado 3500 HD
- Chevrolet Silverado 4500/5500/6500 Chassis Cab
- Chevrolet 3500 HD Chassis Cab
- Chevrolet Express Passenger Van
- Chevrolet Express Cargo Van
- Chevrolet Express Cutaway Van
- Chevrolet Low Cab Forward
*Federal tax benefits are available for vehicles acquired for use in the active conduct of trade or business and may change or be eliminated at any time without notice. Each taxpayer’s tax situation is unique; therefore, please consult your tax professional to confirm available vehicle depreciation deductions and tax benefits. 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. Passenger automobiles as defined in the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR up to 6,000 lbs.) and placed in service during 2022 qualify for immediate depreciation deductions of up to $19,200 per vehicle. 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 2022 qualify for immediate depreciation deductions of up to 100% of the purchase price.
**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 2022 qualify for immediate depreciation deductions of up to 100% of the purchase price.
***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 2022 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 2022 qualify for immediate depreciation deductions of up to $19,200 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.
****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 2022 qualify for immediate depreciation deductions of up to 100% of the purchase price.
*****With 2.8L engine and 4WD.
******Passenger automobiles as defined under the Internal Revenue Code (including sport utility vehicles, trucks and crossovers with a GVWR of 6,000 lbs. or less) and placed in service during 2022 qualify for immediate depreciation deductions of up to $19,200 per vehicle.
*******All except with 2.8L and 4WD.