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Taxes - My Tax Return

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  4. Are there favorable tax deductions for a SUV?

Are there favorable tax deductions for a SUV?

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.

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