Tax Deductions
YOU WORK HARD
AND SO DO YOUR TAXES.
You could write off up to 100% of the price of a new Chevrolet vehicle
Chevrolet has been working hard to help get the job done at your worksite. And thanks to the recently announced tax deprecation laws, your business may be eligible to immediately deduct up to 100% of the previous price1 of an unlimted number of qualifying new Chevrolet vehicles purchased in 2025 for business use.
With these tax deprecation laws in place, it's a great time to add the dependability of Chevrolet cars, trucks and SUVs to your small business. To learn more about current offers, contact your dealer or visit www.chevrolet.com/tax-deductions.
First-year Vehicle Deprecation limits
Up to 100% of the purchase price1
Large trucks, cargo vans and 10+ passenger vans — CVWR greater than 6,000 lbs.
- Silverado 1500/2500/3500 — Standard or Long Bed Only
- Silverado 3500 HD Chassis Cab
- Silverado 4500 HD/5500 HD/6500 HD
- Express Cargo Van
- Express Passenger Van (10+ passenger seating only)
- Express Cutaway
- Low Cab Forward
Up to $25,000 plus up to 80% of the remaining purchase price plus standard depreciation deducation.1
Other trucks, passenger vans and SUVs — CVWR greater than 6,000 lbs.
- Silverado 1500 — Short Bed
- Blazer
- Suburban
- Tahoe
- Traverse
- Colorado (all except 2WD with 5,800 lb. GVWR)
- Express Passenger Van (all except 10+ passenger seating)
Up to $20,200.
All vehicles — CVWR 6,000 lbs. or less
- Camaro
- Corvette
- Malibu
- Equinox
- Trailblazer
- Trax
- Colorado (2WD with 5,800 lb. GVWR only)
Plug Into an EV Tax Credit2
| Model | Model Year | Maximum Credit |
|---|---|---|
| Blazer EV | 2025 | $7,500 |
| Equinox EV | 2025 | $7,500 |
| Silverado EV | 2025 | $7,500 |
Each purchaser's tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). 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.
- Taxpayers may be entitled to U.S. federal income tax deductions and/or credits for purchases of vehicles that are placed in service in a trade or business during 2025. Determining the proper income tax treatment of any vehicle purchase requires careful consideration of several factors including, but not limited to, the applicable tax laws, regulations and guidelines, characteristics and attributes of the particular vehicle purchased and the purchaser's income tax situation. Each purchaser's tax situation is unique and the available tax benefits and the applicable federal tax laws, regulations and guidelines are subject to change without notice. Therefore, customers must consult their tax advisor to determine the proper tax treatment of any vehicle purchase(s). 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.
- Individuals, businesses and tax-exempt organizations that purchase a qualifying electric vehicle for use in a trade or business may qualify for a federal Qualified Commercial Clean Vehicle income tax credit of up to $7,500. For more information, visit https://www.irs.gov/credits-deductions/commercial-clean-vehicle-credit. Individuals who purchase a qualifying electric vehicle for non-business use may qualify for a federal Clean Vehicle income tax credit of up to $7,500, subject to additional restrictions. For more information, visit https://www.irs.gov/credits-deductions/credits-for-new-clean-vehicles-purchased-in-2023-or-after. Consult your tax advisor to determine the proper tax treatment of any vehicle purchase(s) including, without limitation, which vehicles qualify, the amount of the available credit, how to claim the credit, how claiming a credit may impact other tax deductions and/or tax credits and for additional restrictions and limitations. Clean Vehicle and Commercial Clean Vehicles tax credit amounts, eligibility requirements and other requirements, restrictions and limitations are subject to change without notice.