Article Date:
September 2007


Word Count:
336

 

 

$25,000 Expensing of SUV


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.1

 

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.

Log in to view full article
Already a subscriber?
 
Email Address

 
Password

Log In Send me my password

You'll be able to read the full article and get instant access to the last few issues of the Tax Reduction Letter

Not yet a subscriber?
 
with a money-back guarantee