Can freelancers deduct tax write off for vehicle over 6000 lbs?

The IRS allows deductions for vehicles over 6,000 lbs under the Section 179 deduction, which permits businesses to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. To qualify, the vehicle must be used more than 50% for business purposes. The deduction is limited to the business-use percentage of the vehicle. For example, if a vehicle is used 70% for business, only 70% of the cost can be deducted. Additionally, the vehicle must be purchased and put into service within the tax year. Common misconceptions include assuming any large vehicle automatically qualifies or that personal use is deductible. It's important to note that luxury SUVs have a cap on the amount that can be deducted under Section 179.