2014: Vehicles and Section 179 Deduction Info

The purchasing of vehicles is one of the most popular and frequently used section 179 deduction.  NOTE: You cann expense more than $25,000 of the cost of any heavy sport utility vehicle and certain other vehicles. Vehicles with gross vehicle weight ratings (GVWR) above 6,000 pounds fall into this category.

Please click here for a list of all 2014 models that classify as vehicles with GVWR or type into your browser: 

http://www.dh-cpa.com/client_media/files/pdf/2014VehiclesDeduction.pdf

Davis and Hodgdon Associates CPAs has been assiting nonprofits, individuals and businesses with tax and accounting services in the Burlington Vermont Metro area for more than 20 years. If you have any questions or concerns please feel free to call 802.878.1963 or email [email protected].