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Chevrolet Tax Deductions for Small Business Owners

Chevrolet tax deductions

One major expense for many small businesses is the cost of buying new vehicles for fleet or other business needs. However, thanks to new tax depreciation laws, you may be able to deduct up to 100 percent of the purchase price of new Chevrolet vehicles purchased in 2018 for business use.

With these Chevrolet tax deductions, you can potentially save money on the amount of business taxes you owe. Be sure to consult your tax professionals.

For over 100 years, Chevrolet has been working hard to help business owners achieve success at their jobs. Innovative features like OnStarĀ® with 4G LTE Wi-FiĀ®, spacious cargo areas, and easy-to-use technology make getting the job done easier than ever.

If you purchased any of the following models, you may be able to deduct up to $18,000 per vehicle, with no limit on the number of vehicles:

  • Bolt EV
  • Camaro
  • City Express
  • Colorado
  • Corvette
  • Cruze
  • Equinox
  • Impala
  • Malibu
  • Sonic
  • Spark
  • Trax
  • Volt

For these vehicles, you may be able to deduct up to 100% of the purchase price, with no limit on the amount of the number of vehicles:

  • Express Cargo
  • Express Cutaway
  • Express Passenger Van
  • Low Cab Forward
  • Silverado 1500
  • Silverado 2500HD
  • Silverado 3500HD
  • Silverado Chassis Cab
  • Suburban
  • Tahoe
  • Traverse

Here at Diamond Auto Group, we are proud to provide small businesses with the equipment they need to succeed.

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