I am thinking of buying a Subaru Outback and want to know if this vehicle qualifies for the $25,000 expensing of an SUV? (C.L., Keystone, CO)
To qualify for expensing, this SUV must
be a truck for tax purposes, and
have a gross vehicle weight rating (GVWR) greater than 6,000 pounds.
Although the Subaru Outback is built on a unibody chassis, it is a truck for tax purposes because it is classified as a truck under the corporate average fuel ... Log in to view full article.