Borcherding Buick GMC wanted to announce the incredible Tax Stimulus for business owners looking for a new Work truck!
The 2011 Tax Stimulus Package1 provides significant tax benefits to business owners. New for 2011, if you purchase an eligible
vehicle, the available benefits in the first year may include:2• Up to a 100% purchase price deduction, or
• Partial purchase price deduction followed by a 100% depreciation deduction
For additional business savings opportunities, Call or come out to Borcherding Buick GMC located in the Kings Auto Mall in Cincinnati, OH.
1 This program pertains to vehicles placed in service in the United States during 2011, with no written binding contract for acquisition in effect before 2011. Vehicles must be used for business at least 50% of the time.
Depreciation limits reduce by every percent of personal use less than 100%.
2 Each individual’s tax situation is unique, therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. Consult your own tax advisor prior to claiming any credit.
3 IRC Section 280F(d)(7)(B) requires that the limitation under IRC Section 280F(a)(1) be adjusted annually, based on the CPI automobile component for October of the preceding year. IN Revenue Procedure 2010-18,
the IRS adjusted the Section 280F depreciation limit to $3,160 for trucks and vans and $3,060 for passenger automobiles placed on service during 2010, which are not subject to the Section 168(k) election to decline
the bonus depreciation and AMT depreciation relief. The applicable first-year depreciation limits have been temporarily increased by $8,000. These amounts are subject to a CPI adjustment for 2011.
4 Each $25,000 deduction contributes to the $500,000 aggregate deduction limitation under Section 179.
5 Additional limitation based on purchases – For the 2011 tax year, the aggregate deduction of $500,000 under Internal Revenue Code Section 179 is most beneficial to small businesses that place in service no more
than $2,000,000 of “Section 179 property” during the year. For every dollar spent on Section 179 property in excess of $2,000,000, the $500,000 tax deduction decreases by a dollar. Certain vehicles models and
restrictions apply. Passenger Vans that seat less than 10 people behind the driver’s seat will have a limit of $25,000. Vans that seat more than 9 people behind the drivers seat and Cargo Vans will will have a $500,000
aggregate limit under Section 179 on the amount of first year deduction. Consult your tax professional for details.
6 Consult your own tax advisor before claiming any credit.
Shown with equipment from an independent supplier and is not covered by the GM New Vehicle Limited Warranty. GM is not responsible for the safety or quality of independent supplier alterations.
©2011 General Motors LLC
Buy a qualified GM vehicle and
put the tax stimulus package to work for you.
Depreciation limits reduce by every percent of personal use less than 100%.
2 Each individual’s tax situation is unique, therefore, please consult your tax professional to confirm vehicle depreciation deduction and tax benefits. Consult your own tax advisor prior to claiming any credit.
3 IRC Section 280F(d)(7)(B) requires that the limitation under IRC Section 280F(a)(1) be adjusted annually, based on the CPI automobile component for October of the preceding year. IN Revenue Procedure 2010-18,
the IRS adjusted the Section 280F depreciation limit to $3,160 for trucks and vans and $3,060 for passenger automobiles placed on service during 2010, which are not subject to the Section 168(k) election to decline
the bonus depreciation and AMT depreciation relief. The applicable first-year depreciation limits have been temporarily increased by $8,000. These amounts are subject to a CPI adjustment for 2011.
4 Each $25,000 deduction contributes to the $500,000 aggregate deduction limitation under Section 179.
5 Additional limitation based on purchases – For the 2011 tax year, the aggregate deduction of $500,000 under Internal Revenue Code Section 179 is most beneficial to small businesses that place in service no more
than $2,000,000 of “Section 179 property” during the year. For every dollar spent on Section 179 property in excess of $2,000,000, the $500,000 tax deduction decreases by a dollar. Certain vehicles models and
restrictions apply. Passenger Vans that seat less than 10 people behind the driver’s seat will have a limit of $25,000. Vans that seat more than 9 people behind the drivers seat and Cargo Vans will will have a $500,000
aggregate limit under Section 179 on the amount of first year deduction. Consult your tax professional for details.
6 Consult your own tax advisor before claiming any credit.
Shown with equipment from an independent supplier and is not covered by the GM New Vehicle Limited Warranty. GM is not responsible for the safety or quality of independent supplier alterations.
©2011 General Motors LLC
Buy a qualified GM vehicle and
put the tax stimulus package to work for you.
