Can freelancers deduct 6000 pound vehicle tax deduction?

The deduction for a vehicle over 6,000 pounds primarily involves the Section 179 deduction and bonus depreciation. Under Section 179, a freelancer can deduct the cost of a qualifying vehicle used for business purposes, up to a limit, which for SUVs is typically capped at $25,000. The vehicle must be used more than 50% for business. Bonus depreciation allows for additional deductions, but the vehicle must be new to the taxpayer. If the vehicle is used less than 100% for business, only the business-use percentage of the cost can be deducted. For example, if a vehicle is 70% used for business, only 70% of the allowable deduction can be claimed. Note that the vehicle must be placed in service during the tax year for which the deduction is claimed.