How Heavy of a Vehicle Can I Write-off on My Taxes?
The annual limits on vehicle depreciation don’t apply to trucks, vans, and SUVs built on a truck chassis that are weight-rated by the manufacturer at more then 6,000 pounds gross loaded vehicle weight. This means that owners of such vehicles can take full advantage of two great tax deductions:
What kind of vehicles qualify for the section 179 deduction?
For questions regarding vehicle eligibility and rules applicable to your business, please consult with your accountant. What Vehicles Qualify for the Section 179 Deduction in 2021?
