Vehicles and Section 179 Deduction for 2013
One of the more popular Section 179 tax deductions is for vehicles. In fact, Section 179 can be advantageous in buying vehicles for your business! With that said,, it is important to note that you cannot expense more than $25,000 of the cost of any heavy sport utility vehicle (SUV) and certain other vehicles. Vehicles with gross vehicle weight ratings (GVWR) above 6,000 pounds fall into this category.
For a detailed list of 2013 models by make that classify as vehicles with GVWR above 6,000 pounds please visit www.bit.ly/106WFiP.