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Can I deduct tax write off for vehicle over 6000 lbs?

TL;DR

Vehicles over 6,000 lbs can qualify for a Section 179 deduction, allowing you to write off a significant portion of the vehicle's cost if used for business purposes, subject to certain limits and conditions.

Detailed Answer

The Section 179 deduction allows small businesses to deduct the cost of qualifying business equipment, including vehicles over 6,000 lbs, in the year they are placed in service. To qualify, the vehicle must be used more than 50% for business purposes. The deduction is limited to the business-use percentage of the vehicle's cost and subject to a maximum dollar limit set by the IRS each year. For example, in 2023, the maximum Section 179 expense deduction for SUVs is $28,900. Vehicles that qualify include many large SUVs, trucks, and vans. However, luxury vehicles and those used less than 50% for business do not qualify. Additionally, the vehicle must be purchased and put into service by December 31 of the tax year.

Where to Put It on the Tax Form

Schedule C, Line 13 for depreciation and Section 179 expenses.

Real World Example

A freelance photographer purchases a new SUV for $50,000 in 2023, using it 80% for business. They can claim a Section 179 deduction of $28,900 (the maximum for SUVs) and depreciate the remaining business-use portion over the vehicle's useful life.

Calculation Required

A calculation is required for this deduction.

Calculate the business-use percentage by dividing business miles by total miles driven. Apply this percentage to the vehicle's cost to determine the deductible amount under Section 179, up to the annual limit.

Audit Risk & Documentation Tips

Moderate audit risk. Keep detailed mileage logs, purchase receipts, and documentation of business use. Ensure the vehicle is titled in the business name if possible, and maintain records of business-related activities to substantiate the deduction.

IRS Reference

IRS Publication 946, How to Depreciate Property; IRC §179.

Relevant Industries

FreelancersReal Estate AgentsConsultantsConstructionDelivery Services

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Disclaimer: This is for informational purposes only and should not be construed as tax or legal advice. Always consult your tax advisor.

Page created on July 25, 2025

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