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Can I deduct what vehicles are over 6000 lbs?

TL;DR

Vehicles over 6,000 lbs can be eligible for a Section 179 deduction, allowing for immediate expense deduction, but they must be used for business purposes and meet specific IRS criteria.

Detailed Answer

The IRS allows a Section 179 deduction for vehicles over 6,000 lbs, such as SUVs, trucks, and vans, used more than 50% for business. This deduction permits immediate expensing of up to $28,900 for 2023, with the remainder depreciated over time. However, the vehicle must be purchased and placed in service during the tax year, and the deduction cannot exceed the business's taxable income. Vehicles used less than 50% for business or primarily for personal use do not qualify. Additionally, luxury vehicles and those used for commuting are subject to different rules and limits.

Where to Put It on the Tax Form

Schedule C, Part II, Line 13 for depreciation and Section 179 expense deduction.

Real World Example

A real estate agent purchases a new SUV weighing 6,500 lbs for $50,000, using it 80% for business. They can deduct $28,900 under Section 179 in 2023, with the remaining cost subject to depreciation over subsequent years.

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, ensuring it does not exceed the maximum limit or business income.

Audit Risk & Documentation Tips

Moderate audit risk. Maintain detailed mileage logs, purchase receipts, and records of business use. Document the vehicle's weight and ensure it meets the IRS's criteria for Section 179. Keep records for at least three years.

IRS Reference

IRS Publication 946 and IRC §179

Relevant Industries

Real Estate AgentsConstructionConsultantsDelivery 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 18, 2025

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