Checkmark iconCan I Write This Off?

Can you write off vehicles over 6000 lbs?

TL;DR

Yes, vehicles over 6,000 lbs can be written off under certain conditions, but there are specific rules and limits under Section 179 and bonus depreciation that must be followed.

Detailed Answer

Vehicles over 6,000 lbs may qualify for a Section 179 deduction, which allows business owners to deduct the full purchase price of qualifying equipment and/or software purchased or financed during the tax year. However, the vehicle must be used more than 50% for business purposes. The maximum deduction for SUVs is limited to $28,900 for 2023, while other vehicles may qualify for a higher deduction. Additionally, bonus depreciation can be applied to further increase the deduction. It's important to note that only the business-use portion of the vehicle is deductible, and personal use must be excluded. For example, if a vehicle is used 70% for business, only 70% of the eligible deduction can be claimed.

Where to Put It on the Tax Form

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

Real World Example

A freelance photographer purchases a new SUV weighing 6,500 lbs for $50,000. She uses it 80% for business. She can claim a Section 179 deduction up to $28,900 and apply bonus depreciation to the remaining business-use portion of the vehicle's cost. Thus, she can deduct 80% of the eligible amount.

Calculation Required

A calculation is required for this deduction.

To calculate the deduction, determine the business-use percentage of the vehicle. Multiply the total cost of the vehicle by this percentage to find the business-use portion. Apply the Section 179 limit and bonus depreciation to this amount.

Audit Risk & Documentation Tips

Moderate audit risk. Keep detailed records of business versus personal use, including mileage logs and receipts. Document the vehicle's weight and purchase details. Maintain a calendar or log of business trips to substantiate the business-use percentage.

IRS Reference

IRS Pub 946, IRC §179, and IRS guidelines on bonus depreciation.

Relevant Industries

Small Business OwnersFreelancersReal Estate AgentsConsultantsContractors

Popular Related Pages

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

Back to Search