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Article Date:
December 2008


Word Count:
354

 

 

Section 179 on a Pickup Truck


In March 2008, I bought a Toyota Tundra. I just realized yesterday that it has a gross vehicle weight rating of 7,100 pounds, giving me that fabulous SUV/pickup truck Section 179 deduction. How long do I have to keep this truck to utilize that deduction for 2008? (J.R., Woodlands, Tex.)

 

Before getting to your answer, let us clarify two technical points:

 

1.

The Section 179 deduction for an SUV is limited to $25,000, whereas the 2008 limit on a ... Log in to view full article.

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