Can you write off write off 6000 lb vehicle?
Vehicles over 6,000 pounds can qualify for a Section 179 deduction, which allows businesses to deduct the cost of qualifying property as an expense when the property is placed in service. However, the vehicle must be used more than 50% for business purposes. The deduction is limited to a maximum of $28,900 for SUVs, trucks, and vans in 2023. If the vehicle is used less than 100% for business, the deduction must be prorated based on the percentage of business use.