How do I deduct cars over 6000 lbs on my taxes?
Vehicle_Expensessmall businessconstructionreal estatetransportationtaxcar
Vehicles over 6000 lbs can qualify for a Section 179 deduction, allowing businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. However, the vehicle must be used more than 50% for business purposes and meet specific weight and usage criteria. The deduction is subject to limits and phase-outs based on the total amount of equipment purchased during the year.