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^†
Camaro
Colorado^†
Corvette

Bolt EV^†
Bolt EUV^†
Camaro
Colorado^†
Corvette
Equinox
Malibu
Trailblazer
Trax

Equinox
Malibu
Trailblazer
Trax

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