Is 6000 pound vehicle tax deduction tax deductible?
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The 6,000-pound vehicle tax deduction refers to the Section 179 deduction, which allows businesses to deduct the cost of certain types of property, including vehicles, used in business. For vehicles weighing over 6,000 pounds but less than 14,000 pounds, businesses can deduct up to a certain limit if the vehicle is used more than 50% for business purposes. The deduction is not available for personal use vehicles or if the vehicle is used less than 50% for business.