6000 lbs vehicles

The Section 179 deduction allows businesses to deduct the full purchase price of qualifying equipment, including vehicles over 6,000 lbs, in the year they are put into service. To qualify, the vehicle must be used more than 50% for business purposes. Passenger vehicles, SUVs, and trucks with a gross vehicle weight rating (GVWR) over 6,000 lbs but less than 14,000 lbs have a deduction limit, which was $25,900 for 2023. Vehicles used less than 50% for business, or those not meeting the weight threshold, do not qualify for this deduction.