Look Forward to Tax Season
Small Business Owners: You could qualify for a 2020 Tax Deductions of up to 100% of the purchase price 1.
Running a business comes down to your bottom line and now you can make yours even stronger. Under new tax depreciation laws, your business may be eligible to immediately deduct up to 100% of the purchase price of an unlimited number of qualifying Cadillac vehicles purchased in 2020 for business use 1.
All passenger automobiles can qualify for a deduction of up to $18,100 while larger vehicles can qualify for a deduction equal to the full purchase price. Consult your tax advisor for tax implications and savings opportunities.
With these new tax deductions laws, you can save next tax season on the vehicles your business purchases today. There’s never been a better time to add the quality and dependability of Cadillac vehicles to your fleet.
First Year Vehicle Depreciation Limits for 2020
|Up to $18,100 Per Vehicle (No Aggregate Limitation)2||Up to 100% Of Purchase Price (No Per-Vehicle or Aggregate Limitation)3|