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How do I deduct 6000 lb vehicles on my taxes?

TL;DR

Vehicles over 6,000 pounds can be deducted using Section 179 or bonus depreciation, but they must be used primarily for business purposes, and certain limits apply.

Detailed Answer

To deduct a vehicle over 6,000 pounds, it must be used more than 50% for business purposes. Under Section 179, you can deduct up to $28,900 for SUVs in 2023, while other heavy vehicles may qualify for full expensing. Bonus depreciation allows for a 100% deduction in the first year for qualifying vehicles. However, vehicles used less than 50% for business are subject to depreciation limits. It's crucial to maintain accurate records of business use, such as mileage logs, to substantiate the deduction.

Where to Put It on the Tax Form

Schedule C, Line 13 for depreciation and Section 179 expenses; Form 4562 for depreciation details.

Real World Example

A real estate agent purchases a 7,000-pound SUV for $60,000 and uses it 80% for business. They can elect to use Section 179 to deduct $28,900 and apply bonus depreciation to deduct the remaining business-use portion in the first year.

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 cost of the vehicle to determine the deductible amount under Section 179 and bonus depreciation.

Audit Risk & Documentation Tips

Moderate audit risk. Keep detailed mileage logs, purchase receipts, and records of business use. Ensure the vehicle meets the weight requirement and is used primarily for business to substantiate the deduction.

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 25, 2025

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