Tax Write-Offs for Heavy Vehicles

Vehicles over 6,000 pounds can be fully written off under Section 179 of the IRS tax code, allowing business owners to deduct significant tax amounts even for vehicles that have not been used. For example, a Range Rover priced at $158,000 can be written off in full if purchased before the year's end, providing immediate tax relief. However, it's important to track the usage of such vehicles, as only the business miles can be deducted. Many small business owners may find it challenging to qualify for the full deduction, especially if personal use exceeds business mileage.