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Can you write off suv over 6000 lbs?

TL;DR

Yes, you can generally write off an SUV over 6,000 lbs as a business expense under Section 179, but it must be used more than 50% for business purposes and is subject to certain limits and conditions.

Detailed Answer

An SUV over 6,000 lbs can qualify for a Section 179 deduction, allowing you to expense up to $28,900 (as of 2023) of the vehicle's cost in the year of purchase, provided it is used more than 50% for business. The vehicle must be new or used and purchased (not leased) for business use. If the business use falls below 50% in subsequent years, you may have to recapture some of the deduction. Additionally, you can use bonus depreciation for the remaining cost, which allows for 80% depreciation in 2023. However, personal use of the vehicle must be excluded from the deduction calculation.

Where to Put It on the Tax Form

Schedule C, Line 13 for depreciation and Section 179 deduction. Form 4562 is also required to elect the Section 179 deduction and report depreciation.

Real World Example

A real estate agent purchases a new SUV for $60,000, which she uses 80% for business. She can deduct $28,900 under Section 179 and apply bonus depreciation to the remaining business-use cost. She must keep a log of her business mileage to substantiate the deduction.

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. For example, if the SUV costs $60,000 and is used 80% for business, the business-use portion is $48,000. Deduct $28,900 under Section 179, then apply bonus depreciation to the remaining $19,100.

Audit Risk & Documentation Tips

Moderate audit risk. Keep detailed mileage logs, purchase receipts, and records of business use. Document the business purpose of each trip and maintain records for at least three years. Consider using a mileage tracking app for accuracy.

IRS Reference

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

Relevant Industries

FreelancersReal Estate AgentsConsultantsConstruction Contractors

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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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