SUV Tax Deduction – Vehicle List as it applies to Section 179
This entry was posted on Wednesday, November 5th, 2003 by Andy Jones and is filed under SUV Tax Deduction.You can follow any responses to this entry through the RSS 2.0 feed.
Vehicles that qualify for generous tax break
Want a company car that Uncle Sam will let you write off for the most part? Then consider one of these vehicles as your main mode of business transport.
To qualify for the deduction (Section 179 of the tax code), an SUV or light truck must have a gross weight of at least 6,000 pounds. This is the vehicle weight plus maximum payload and also is referred to as gross vehicle weight rating or GVWR. Before buying any vehicle for your business, always verify the GVWR for yourself. It usually is found on a label attached to the inside edge of the driver’s side door.
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BMW X5 |
Ford F150 Styleside 4WD |
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Cadillac Escalade ESV |
Ford F250 Super Duty Super Cab |
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Chevrolet Astro Passenger Van AWD |
Ford F350 Super Duty DRW Super Cab |
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Chevrolet Avalanche 2500 |
GMC Safari AWD Passenger Van |
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Chevrolet Express Passenger Van 3500 |
GMC Savana Passenger Van 3500 |
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Chevrolet Silverado 3500 |
GMC Sierra 350 & |
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Chevrolet Suburban 2500 |
GMC Yukon XL |
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Chevrolet Tahoe |
Hummer H1 & H2 |
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Chevrolet Trailblazer |
Land Rover Discovery |
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Dodge Durango |
Land Rover |
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Dodge Ram Cargo Van 3500 |
Lincoln Navigator |
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Dodge Ram |
Lincoln Blackwood |
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Dodge Ram Wagon |
Mercedes M Class |
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Dodge Ram 1500 |
Mercedes ML55 AMG
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Dodge Ram 2500 & 3500 two-door
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Porsche Cayenne,
S and Turbo |
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Ford Econoline |
Toyota Land Cruiser |
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Ford Econoline E350 Passenger Wagon |
Toyota Sequoia 4WD |
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Ford Econoline |
Toyota Tundra 4WD Access Cab |
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Ford Excursion |
Volkswagen Touareg |
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Ford Expedition
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Volvo XC90 (optional third row seating)
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The deduction is limited to $100,000 or your overall business income, whichever is less. Also, to get the tax break you must use the vehicle more than 50 percent for business.
Found an SUV or truck that’s not on this list? Sorry, but the ever-changing auto market probably has lapped our list. Let us know what your auto research found. In the meantime, remember that as long as the vehicle meets the three-ton weight requirement, it qualifies for the business-use tax break even if it’s not shown here. Check with your auto dealer and tax accountant for details before purchase.
You might want to stay in touch with your U.S. Representative and Senators, too. A bill now in Congress, S. 1637, contains a provision to shrink the tax deduction for large SUVs from $100,000 back to the $25,000 level.
[...] Originally Posted by Tsturbo MDX weighs mid 4k, gas mileage? Gross weight. Basically it has to be on this list for tax benefit but mdx is not on it. 4runner beats mdx by 1 mile in gas. But probably equals 3 after having tsb done. SUV Tax Deduction – List of Vehicles Over 6000 Pounds – Section 179. [...]