Huge Tax Deduction For Small Business Owners

Jeremy Sheldon —  December 14, 2015

You Deserve A Break This Tax Season

Cadillac recognizes that your vehicle is an essential part of your business and furthermore they understand the value of getting the most from your business investments.

We wanted to make sure you were aware of the 2015 tax incentive guidelines.

You could be eligible for up to a total of $25,000(1) in deductions with the purchase of qualifying Cadillac vehicles for your business if you purchase before 12/31/15.

Add to this various, additional small-business incentives and your savings are enhanced even further.

TAX

 Up to $3,160(2) total deduction per Cadillac vehicle

  • ATS Coupe
  • ATS Sedan
  • AST-V
  • CTS Sedan
  • ELR
  • SRX Crossover
  • XTS

Up to $25,000(3) total deduction per Cadillac vehicle

  • Escalade
  • Escalade ESV

If you have any questions or would like to speak to a Cadillac sales specialist give us a call or comment below and we will make sure to answer all of your questions.

1. The tax incentives are available for depreciable tangible property that is acquired by purchase for use in the active conduct of a trade or business. Additional limitation based on purchases: For the 2015 tax year, the aggregate deduction of $25,000 under Internal Revenue Code Section 179 is most beneficial to small business that place in service no more that $200,000 of “Section 179 property” during the year. Certain vehicles, models, and restrictions apply. 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 irs.gov. 2. For vehicles that qualify as passenger automobiles under the Internal Revenue Code, there is a $3,160 per-vehicle depreciation deduction cap. 3. For vehicles that qualify as sport utility vehicles under the Internal Revenue Code, there is a $25,000 per-vehicle depreciation deduction cap. ©2015 General Motors. Cadillac® ATS® CTS® Escalade® SRX®

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Jeremy Sheldon

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My name is Jeremy Sheldon and I'm the Digital Marketing Assistant for the LaFontaine Automotive Group. I love 3 things: My family, my job and Detroit sports! Hopefully you share my passion and enjoyed this article.