Is vehicles over 6000 lbs a business expense?

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Vehicles over 6,000 lbs may 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. 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.

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