How do I deduct suv over 6,000 lbs on my taxes?
The IRS allows a deduction for the purchase of an SUV over 6,000 lbs under Section 179. This deduction is available for vehicles used more than 50% for business purposes. The maximum deduction is subject to limits and the vehicle must be used in the year it is placed in service. If the vehicle is not used 100% for business, the deduction must be prorated based on business use percentage.