Can I write off a vehicle over 6,000 lbs?

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If you use a vehicle over 6,000 lbs for business purposes, you can write off the expenses related to the vehicle. This includes the cost of the vehicle, maintenance, gas, and insurance. However, the vehicle must be used more than 50% for business purposes to qualify for the deduction. If the vehicle is used less than 50% for business, you can only deduct the percentage of costs that relate to business use. For example, if you use the vehicle 30% for business, you can deduct 30% of the costs. The IRS also has limits on the amount you can deduct for vehicles over 6,000 lbs. For 2021, the limit is $25,900 for SUVs and $1,050,000 for trucks and vans.

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