You still have time to write off that SUV or Truck

If you buy and start using your new SUV or truck that is over 6000 pounds by the end of the year that you purchased on December 31st for $40,000 and only use it for business, for that one day, you can write off 100% of the depreciation. You can write off the full $40,000 using bonus depreciation.

OR, you can write off up to $25,000 using Section 179 expensing and then depreciate the remainder.

You may ask, what if I buy a used SUV or truck over 6000 pounds , can I still use bonus depreciation? The answer is NO! However, you can write off or deduct using the fast depreciation of Section 179!

These examples may not “fit” your situation since there are MANY different scenarios.

For instance, what happens if you trade in your vehicle for the new or used SUV or truck over 6000 pounds.

Please contact me at 602-292-2009 or visit

If you enjoyed this article, please consider sharing it!
Icon Icon Icon


No Obligation FREE Evaluation: Guaranteed to Reduce Your Taxes






About Jeffrey Brooks

Jeffrey Brooks, CPA, CFP, MBA since 1976 has specialized in helping clients save significant taxes, help businesses increase their cash flow, revenues and profits while increasing their control and satisfaction. Jeff and his accounting firm sincerely cares about the happiness of his clients.

Get In Touch

JBrooks Wealth Advisors, PC.

Certified Public Accountant
Address: 4647 N 32nd Street, Suite B245
Phoenix, Arizona 85018
Phone: 602-292-2009