Tax Credit for Small Business Owners in Libertyville, IL
When it comes to the bottom line of your small business, every cent counts. Therefore, Napleton Cadillac of Libertyville is here to tell you more about an exciting new tax credit program! By taking advantage of this federal initiative, you’ll be able to deduct up to the full purchase price on an unlimited number of qualifying Cadillac vehicles1 for business use, so be sure to keep reading to learn about eligibility requirements and other important stipulations.
What Is the New Tax Law?
Put simply, these new federal tax depreciation laws are intended to help make your small business more profitable. As a result, you can immediately deduct as much as 100-percent of the original purchase price of unlimited Cadillac vehicles bought in 2019! The total amount that each model is eligible for will vary, as passenger autos2, like the ATS Coupe, CT6 Sedan, and the XT4 crossover can have up to $18,100 deducted, whereas larger models3 like the XT6 can have up to the entire sticker price deducted. Therefore, if you’ve been considering expanding the size of your fleet, now is the ideal time to do so!
Thankfully, no matter what type of Cadillac you’re hoping to acquire, you’ll find plenty of selection here at Napleton Cadillac of Libertyville. In fact, to help facilitate your preliminary research, you can access our entire inventory right here on our website. Just click on the New Models tab near the top of your page and use the filters above the results to narrow things down by the model and type. For instance, if you’re hoping to add a few Escalades to your lineup, you can quickly see how many we have on hand and what each option comes with. Once you have some matches in mind, reach out to our professional staff.
Visit Us Today
Whenever you’re ready to expand your fleet, be sure to make an appointment with one of our associates. Our goal is to make your entire experience seamless and pleasurable, so don’t hesitate to ask us any questions on your mind, especially regarding qualifying Cadillac models, limits, and other requirements, as we understand that changes in tax laws can often result in uncertainty. You can even get a hold of us prior to dropping by in case you have some pressing questions. Feel free to reach our team by phone or simply complete our handy Contact form—either way, we’ll be more than happy to lend our assistance.
Visit Napleton Cadillac of Libertyville today to hear more about this new tax credit for small business owners in Libertyville, IL. Our staff members are ready to help and look forward to meeting with you in the near future.
*Make sure to check with a tax or financial advisor to confirm your eligibility for these benefits and learn more about available rebates in your state.
**The information on this page should not be viewed as an official or legally binding document. Other requirements or exceptions may apply. For more detailed information, please consult an IRS tax representative and/or official IRS publications.
1. 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 and 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 www.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.
2. 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 2019 qualify for immediate depreciation deductions of up to $18,100 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 2019 qualify for immediate depreciation deductions of up to 100% of the purchase price. For more info visit gmfleet.com/tax