To write off up to $25,000 in section 179 expensing of an SUV, does the SUV need a gross vehicle weight rating (GVWR) of 6,001 pounds or more? (J.H., Richmond, VA)
Yes! In addition to meeting the GVWR of 6,001 pounds or more, the SUV must also be considered a truck for purposes of the gas guzzler tax.
Most SUVs and many of the new crossover vehicles fall within the truck classification for the purposes of the ... Log in to view full article.