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Is 6000 lb vehicles a valid tax write-off?

TL;DR

Yes, vehicles over 6,000 pounds can be a valid tax write-off under certain conditions.

Detailed Answer

Vehicles that have a gross vehicle weight rating (GVWR) of over 6,000 pounds can qualify for a Section 179 deduction, allowing businesses to deduct the full purchase price of qualifying equipment purchased or financed during the tax year. However, this deduction is only applicable if the vehicle is used more than 50% for business purposes. The deduction is limited to $28,900 for SUVs, but trucks and vans may qualify for a full deduction under Section 179 if they meet specific criteria.

Where to Put It on the Tax Form

Report on Form 4562, Depreciation and Amortization, Part I for Section 179 deduction.

Real World Example

A construction company purchases a new pickup truck with a GVWR of 7,000 pounds for $45,000. Since the truck is used 80% for business, the company can deduct up to $45,000 under Section 179, subject to the annual limits.

Calculation Required

A calculation is required for this deduction.

Calculate the percentage of business use by dividing the business miles by total miles driven. Multiply the purchase price by this percentage to determine the deductible amount, subject to Section 179 limits.

Audit Risk & Documentation Tips

Keep detailed mileage logs and records of business use to substantiate the deduction. Ensure the vehicle's GVWR is documented and maintain purchase receipts. Be aware that the IRS may scrutinize deductions for high-value vehicles.

IRS Reference

IRS Publication 946, How to Depreciate Property; Section 179 of the Internal Revenue Code

Relevant Industries

Small BusinessConstructionReal EstateTransportation

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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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