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§179 + Bonus Depreciation on Heavy SUV/Truck (>6,000 lb GVWR)

Write off up to 100% of a business vehicle over 6,000 lb GVWR in Year 1.

Overview

IRC §179 allows immediate expensing up to $30,500 (2024) on SUVs/trucks with GVWR >6,000 lb used >50% for business, plus 60% bonus depreciation (2024, phasing down 20%/yr) on the remainder. Qualifying vehicles: G-Wagon, Escalade, Tahoe, Suburban, Model X, Rivian R1S, F-250/350, Ram 2500+. On a $90K G-Wagon at 100% business use: ~$66K Year-1 deduction = $24K tax savings at 37% bracket.

Best fit
Business ownersReal estate agents/investors1099 contractors with legit business use
Estimated impact
$15K–$40K Year-1 tax savings on $80K–$150K vehicle

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