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GMC DRIVES AMERICAN INGENUITY

NOW THERE ARE EASIER WAYS TO GET YOU INTO YOUR NEXT GMC

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YOU MAY BE ELIGIBLE FOR A TAX DEDUCTION OF UP TO $10,000 IN ANNUAL INTEREST PAID ON CERTAIN GMC VEHICLES*

For over a century, GMC has dedicated themselves to art of science and engineering. And now, the One Big Beautiful Bill is making it even easier to get into your next professional grade vehicle and experience that dedication yourself.

FAQS

What is the program?

Provides a tax deduction for up to $10,000 in annual interest paid on loans to acquire U.S. assembled* qualifying vehicles for eligible consumers.

Applies whether an individual itemizes deductions or takes the standard deduction.

Consult your tax, legal or accounting professional if you have questions. This information does not constitute tax, accounting or legal advice. 

Who qualifies?

Income limits: $100k single ($200k married filing a joint return) – phase out for next $50k and is fully phased out for taxpayers with modified joint adjusted gross income in excess of $150k ($250k married filing a joint return).

What loan types are eligible?

Individual financing only – not applicable to commercial/fleet purchases and no lease benefit.

Do I have to purchase by a certain date?

Only applies to interest paid in tax years 2025–2028.

Must be new debt contracted after 12/31/2024.

What vehicles are eligible?

Must be assembled in the U.S.*

Can my preferred GMC dealer help me get the most out of the One Big Beautiful Bill?

Contact your preferred GMC dealership for personalized support and guidance regarding the One Big Beautiful Bill. 

What the One Big Beautiful Bill means for car buyers

Big things are on the horizon that are designed to make eligible vehicles’ interest payments tax deductible.

The One Big Beautiful Bill is a new federal law aimed, in part, at incentivizing the purchase of eligible vehicles assembled in the U.S.* by qualified purchasers.
 
New incentives could provide tax savings on interest payments made on eligible auto loans for qualified buyers, making it more affordable to get into eligible cars, trucks or SUVs assembled in the U.S.

This Act is all about rewarding the purchase of a U.S.-assembled* vehicle by allowing qualified buyers to deduct the interest paid on your loan — without compromising on what matters most to you.

See your dealer for vehicle eligibility and more details.

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