Commercial Tax Benefits

†Federal tax depreciation deductions are only available for vehicles used in a trade or business and are subject to change without notice. Each taxpayer's tax situation is unique; please consult your tax advisor to determine your business' vehicle depreciation deduction. 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 2021 qualify for immediate depreciation deductions of up to 100% of the purchase price. For more details, visit IRS.Gov. Expires 12/31/21.