TAX BREAK FOR SOME SUV’s AND TRUCKS
Automobiles used for business are subject to strict limits on how much you deduct each year. However, vehicles with a Gross Vehicle Weight rating of 6,000 or more are exempt from these auto limitations. They can expense $ 25,000 under code section 179 and take the normal annual depreciation of the additional value.
Vehicles with GVW of 6,000 pounds or more
Audi Q7 3.0L TDI
BMW X5 M
BMW X5 XDRIVE35I
BMW X6 M
BMW X6 XDRIVE35I
Buick ENCLAVE 2WD
Buick ENCLAVE 4WD
Cadillac ESCALADE 2WD
Cadillac ESCALADE AWD
Cadillac ESCALADE HYBRID
Cadillac ESCALADE HYBRID
Chevrolet Truck AVALANCHE 2WD
Chevrolet Truck AVALANCHE 4WD
Chevrolet Truck SILVERADO C1500
Chevrolet Truck SILVERADO C1500
Chevrolet Truck SILVERADO C2500
Chevrolet Truck SILVERADO C3500
Chevrolet Truck SILVERADO K1500
Chevrolet Truck SILVERADO K1500
Chevrolet Truck SILVERADO K2500
Chevrolet Truck SILVERADO K3500
Chevrolet Truck SUBURBAN C1500
Chevrolet Truck SUBURBAN K1500
Chevrolet Truck TAHOE 2WD LS
Chevrolet Truck TAHOE 4WD LS
Chevrolet Truck TAHOE HYBRID
Chevrolet Truck TAHOE HYBRID
Chevrolet Truck TRAVERSE 2WD
Chevrolet Truck TRAVERSE 4WD
Dodge Truck DURANGO 2WD
Dodge Truck DURANGO 4WD
Ford Truck EXPEDITION 2WD
Ford Truck EXPEDITION 4WD
Ford Truck EXPLORER 2WD
Ford Truck EXPLORER 4WD
Ford Truck F-150 2WD
Ford Truck F-150 4WD
Ford Truck FLEX AWD
GMC ACADIA 2WD
GMC ACADIA 4WD
GMC SIERRA C1500
GMC SIERRA C1500
GMC SIERRA C1500
GMC SIERRA C2500 HD
GMC SIERRA C2500 HD
GMC SIERRA C3500 HD
GMC SIERRA C3500 HD
GMC SIERRA K1500
GMC SIERRA K1500
GMC SIERRA K1500
GMC SIERRA K2500 HD
GMC SIERRA K2500 HD
GMC SIERRA K3500 HD
GMC SIERRA K3500 HD
GMC YUKON 2WD
GMC YUKON 4WD
GMC YUKON HYBRID
GMC YUKON HYBRID
GMC YUKON XL C1500
GMC YUKON XL K1500
Honda PILOT 4WD
Infiniti QX56 2WD
Infiniti QX56 4WD
Jeep GRAND CHEROKEE
Jeep GRAND CHEROKEE
Land Rover RANGE ROVER 4WD
Land Rover RANGE ROVER SPT
Lexus GX460
Lexus LX570
Lincoln MKT AWD
Mercedes Benz G550
Mercedes Benz GL350 BLUETEC
Mercedes Benz ML350
Nissan ARMADA 2WD
Nissan ARMADA 4WD
Nissan NV 1500 S V6
Nissan NVP 3500 S V6
Nissan TITAN 2WD S
Porsche CAYENNE
Toyota 4RUNNER 2WD LTD
Toyota 4RUNNER 4WD LTD
Toyota LANDCRUISER
Toyota SEQUOIA 2WD LTD
Toyota SEQUOIA 4WD LTD
Toyota TUNDRA 2WD
Toyota TUNDRA 4WD
Volkswagen TOUAREG HYBRID
For more information contact visit Financial Focus Advisory Services and StocksAndTaxes.com