Is your sport utility vehicle (SUV) eligible for expensing of up to $25,000?
Is your crossover vehicle an SUV?
To qualify for expensing, the SUV must escape the luxury vehicle depreciation limits on deductions.
The escape works like this:
The SUV must have a gross vehicle weight rating (GVWR) of 6,001 pounds or more, and
The SUV must be a truck under the Department of Transportation regulations (manufacturers must label the SUV as a truck or car, using the DOT regulations).
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