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Can I deduct vehicles over 6,000 lbs?

TL;DR

Yes, vehicles over 6,000 lbs can be deductible if used for business purposes, subject to specific conditions.

Detailed Answer

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. The vehicle must be used more than 50% for business purposes. The deduction is limited to $25,000 for SUVs, but larger vehicles like trucks and vans may qualify for a higher deduction if they meet certain criteria. Personal use of the vehicle is not deductible.

Where to Put It on the Tax Form

Form 4562, Depreciation and Amortization, Part I for Section 179 deduction

Real World Example

A construction company purchases a new truck weighing 7,000 lbs for $50,000. The truck is used 80% for business. The company can deduct $25,000 under Section 179 and depreciate the remaining cost over the vehicle's useful life.

Calculation Required

A calculation is required for this deduction.

Calculate the business use percentage of the vehicle. Apply the Section 179 limit ($25,000 for SUVs) and depreciate any remaining cost over the vehicle's useful life.

Audit Risk & Documentation Tips

Maintain detailed mileage logs and records of business use. Keep purchase receipts and ensure the vehicle's weight and business use percentage are documented. Be prepared to justify the business necessity of the vehicle.

IRS Reference

IRS Publication 946, How to Depreciate Property; Section 179 of the Internal Revenue Code

Relevant Industries

Small BusinessConstructionReal EstateTransportation

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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 15, 2025

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