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Can I write off a vehicle over 6,000 lbs?

TL;DR

Yes, you can write off a vehicle over 6,000 lbs under certain conditions.

Detailed Answer

If you use a vehicle over 6,000 lbs for business purposes, you can write off the expenses related to the vehicle. This includes the cost of the vehicle, maintenance, gas, and insurance. However, the vehicle must be used more than 50% for business purposes to qualify for the deduction. If the vehicle is used less than 50% for business, you can only deduct the percentage of costs that relate to business use. For example, if you use the vehicle 30% for business, you can deduct 30% of the costs. The IRS also has limits on the amount you can deduct for vehicles over 6,000 lbs. For 2021, the limit is $25,900 for SUVs and $1,050,000 for trucks and vans.

Where to Put It on the Tax Form

Report this deduction on Form 4562, Depreciation and Amortization, Part I

Real World Example

A freelance photographer purchases a new SUV weighing over 6,000 lbs for $40,000 and uses it 80% for business. They can deduct $20,000 (50% of the cost) under Section 179, and depreciate the remaining $20,000 over the life of the vehicle.

Calculation Required

A calculation is required for this deduction.

Calculate the business use percentage of the vehicle and apply it to the cost. If the vehicle is an SUV or has a bed length of 6 feet or less, the maximum Section 179 deduction is $25,000. Depreciate the remaining cost over the life of the vehicle.

Audit Risk & Documentation Tips

Keep detailed records of business use, including mileage logs and receipts for expenses. The IRS may scrutinize this deduction, especially for expensive vehicles.

IRS Reference

IRS Publication 463, IRS Section 179

Relevant Industries

FreelancersSmall BusinessReal EstateConstructionDelivery Services

Related Questions

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 3, 2025

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