Tax Deductions for Phoenix Business Owners

You could qualify for a tax deduction - up to $1,000,0001

Here at Coulter on Camelback, we are dedicated to bringing your small business the best value on the Buick GMC vehicles that you depend on. With the current 2023 tax incentives, you could be eligible for up to a total of $1,000,0001 in tax deductions when you purchase qualifying vehicles before 12/31/2023. And you can also stack other small business incentives on top of this to give you the best haul possible! Browse our qualifying inventory below. Contact us if you have any questions.

There are some limitations to the expense deduction, including vehicle eligibility.1

Section 179 Facts

  • Vehicles must be placed in service during the 2023 tax year to be eligible
  • An eligible vehicle must be used for business at least 50% of the time
  • Businesses can still take advantage of other incentives and Business Choice offers in addition to these tax savings

1. Each individual's tax situation is unique; therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. For more details, visit www.irs.gov.

2. 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 2023 qualify for immediate depreciation deductions of up to $18,000 per vehicle.

3. 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 2023 qualify for immediate depreciation deductions of up to 100% of the purchase price.

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