Can I deduct vehicles over 6,000 lbs?
Vehicle_Expensessmall businessconstructionreal estatetransportationvehicle
Vehicles over 6,000 lbs may qualify for a Section 179 deduction, allowing businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. The vehicle must be used more than 50% for business purposes. The deduction is limited to $25,000 for SUVs, but larger vehicles like trucks and vans may qualify for a higher deduction if they meet certain criteria. Personal use of the vehicle is not deductible.