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Tax Deduction Information

SAVE UP TO $10,000 ON A NEW CHEVY, BUICK, OR GMC

Smart savings. Legendary reliability.

Now is the perfect time to drive home a new NEW Chevy, Buick, or GMC and unlock potential savings of up to $10,000 through a federal tax deduction on qualifying auto loan interest.

This is not a rebate or incentive — it’s a real tax advantage that can put more money back in your pocket.

How Chevy, Buick, GMC Buyers Can Save

  • Purchase a new Chevy, Buick, or GMC
  • Finance with a new auto loan
  • Deduct up to $10,000 in interest paid annually
  • No need to itemize — this deduction applies even with the standard deduction

Eligible Chevy, Buick, GMC Models

  • Chevy: Corvette, Camaro, Suburban, Tahoe, Silverado
  • Buick: Enclave
  • GMC: Sierra, Yukon, Acadia
  • This field is for validation purposes and should be left unchanged.

Disclaimer

$10,000 maximum annual deduction for interest paid on a qualifying auto loan. Applies to tax years 2025–2028. This is an above-the-line deduction that reduces Adjusted Gross Income (AGI) and may be claimed even when taking the standard deduction. Purchaser must report the vehicle VIN on their tax return. Vehicle must be new, for personal use only, and final assembly must have occurred in the United States. Used vehicles, business-use vehicles, refinanced loans, and unsecured loans do not qualify. Gross vehicle weight rating must be under 14,000 lbs. Eligible vehicles include Chevy: Corvette, Camaro, Suburban, Tahoe, Silverado, Buick: Enclave, GMC: Sierra, Yukon, Acadia. Full deduction eligibility applies to single filers with MAGI of $100,000 or less and married filing jointly with MAGI of $200,000 or less. Phase-out applies above these limits and is eliminated at $150,000 (single) and $250,000 (married filing jointly). Based on MAGI limits established by the One Big Beautiful Act. Offer expires December 31, 2028. Consult your tax advisor for eligibility.

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1901 Tamiami Trail, Punta Gorda, FL, 33950
Gettel Chevrolet 26.92134, -82.0483.