Auto & Truck Expenses
SUV - favorable tax deductions
Yes. The full cost of a heavy SUV (sport utility vehicle) can be deducted if not pre owned and placed in service new and used 100% for business. If the weight is between 6000 and 14000 pounds then there is a $25,000 limit on first year expensing of the vehicle.
Need Professional Help?
If you need help with "Auto & Truck Expenses" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.