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How do I deduct suv over 6,000 lbs on my taxes?

TL;DR

Yes, you can deduct the cost of an SUV over 6,000 lbs, but specific rules apply.

Detailed Answer

The IRS allows a deduction for the purchase of an SUV over 6,000 lbs under Section 179. This deduction is available for vehicles used more than 50% for business purposes. The maximum deduction is subject to limits and the vehicle must be used in the year it is placed in service. If the vehicle is not used 100% for business, the deduction must be prorated based on business use percentage.

Where to Put It on the Tax Form

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

Real World Example

A real estate agent purchases an SUV weighing 6,500 lbs for $60,000 and uses it 80% for business. They can deduct up to $48,000 (80% of $60,000) under Section 179, subject to the annual limit.

Calculation Required

A calculation is required for this deduction.

Calculate the business use percentage of the vehicle and apply it to the purchase price to determine the deductible amount. Ensure it does not exceed the Section 179 limit for the year.

Audit Risk & Documentation Tips

High audit risk due to potential for personal use. Keep detailed mileage logs, purchase receipts, and evidence of business use percentage to substantiate the deduction.

IRS Reference

IRS Publication 946, Section 179 Deduction

Relevant Industries

Small BusinessReal EstateConstructionConsulting

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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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