Is 6000 lb vehicles a valid tax write-off?
Vehicles that have a gross vehicle weight rating (GVWR) of over 6,000 pounds 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, this deduction is only applicable if the vehicle is used more than 50% for business purposes. The deduction is limited to $28,900 for SUVs, but trucks and vans may qualify for a full deduction under Section 179 if they meet specific criteria.