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Tax Deductions

Your tax dollars at work

Immediately write off up to 100% of the purchase price of eligible Chevy vehicles.* For 100 years, Chevy has helped business owners do what it takes to get the job done. Now, 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 Chevy vehicles purchased in 2023 for business use.

First year vehicle depreciation limits for 2023

Up to 100%
of purchase price

(no per-vehicle or aggregate limitation)

  • Express Cargo Van
  • Express Cutaway
  • Express Passenger Van*
  • Low Cab Forward
  • Silverado 1500*
  • Silverado 2500 HD*
  • Express Cargo Van
  • Express Cutaway
  • Express Passenger Van*
  • Low Cab Forward
  • Silverado 1500*
  • Silverado 2500 HD*
  • Silverado 3500 HD*
  • Silverado 4500 HD
  • Silverado 5500 HD
  • Silverado 6500 HD
  • Silverado HD Chassis Cabs
  • Silverado 3500 HD*
  • Silverado 4500 HD
  • Silverado 5500 HD
  • Silverado 6500 HD
  • Silverado HD Chassis Cabs

Up to $25,000 plus up to 80% of the
remaining purchase price

(plus standard depreciation deduction)

  • Blazer
  • Colorado*
  • Express Passenger Van*
  • Silverado 1500*
  • Blazer
  • Colorado*
  • Express Passenger Van*
  • Silverado 1500*
  • Suburban
  • Tahoe
  • Traverse
  • Suburban
  • Tahoe
  • Traverse

Up to $20,200 per vehicle

(no aggregate limitation)

  • Bolt EV*
  • Bolt EUV*
  • Colorado*
  • Corvette
  • Bolt EV*
  • Bolt EUV*
  • Colorado*
  • Corvette
  • Equinox
  • Malibu
  • Trailblazer
  • Trax
  • Equinox
  • Malibu
  • Trailblazer
  • Trax

*The Manufacturer's Suggested Retail Price excludes destination freight charge, tax, title, license, dealer fees and optional equipment. Click here to see all Chevrolet vehicles' destination freight charges.