Can I deduct write off 6000 lb vehicle?

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Vehicles over 6,000 pounds may qualify for the Section 179 deduction, which allows 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. Additionally, there are limits on the amount that can be deducted under Section 179, and the vehicle must be placed in service during the tax year. For instance, if a vehicle is used 70% for business, only 70% of the cost can be deducted. The IRS also imposes a maximum deduction limit for SUVs and similar vehicles, which is $28,900 for 2023. Vehicles that do not qualify for Section 179 may still be eligible for bonus depreciation or regular depreciation deductions.

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