Vehicles that qualify for generous SUV tax break -  (Section 179)

Updated 11/2003

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*********READ THIS FIRST*********

The SUV Tax Deduction has been radically changed and reduced - READ HERE

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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.

The 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.

 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.