Is the additional depreciation on the SUV/vehicles over 6000 pounds worth it?
IRS has finally changed this deduction. There is a $25,000 maximum deduction using the Section 179 depreciation. They change some of the other limitations. What this deduction does is simply increase your depreciation, you will not have this depreciation in the future. In some cases this is a great tax strategy but the “basis” in the vehicle must be understood if you are going to sell it in a short amount of time. To go to a list of eligible SUVs and trucks, click on the highlighted choice.
