Explore our 2025 list of vehicles over 6,000 lbs that may qualify for Section 179. Learn about company cars, SUVs, trucks, and specialized financing for maximizing tax deductions.
Section 179 was once jokingly referred to as the “Hummer tax deduction” because some business owners could use the high limit on applicable expenses to buy expensive trucks. Section 179 deductions are limited to vehicles under 6,000 pounds, which would affect tax considerations for many expensive...
Section 179 is a tax deduction for business-related equipment expenses, allowing owners to deduct the entire cost of large expenses such as machinery, office furniture, and even vehicles from their annual tax bill immediately instead of with traditional depreciation, which spaces it out over time....
Entity Taxation: 28% – 38% – covers legal entities and the ways they are taxed like trusts, tax vehicles, corporations, partnerships, and sole proprietorships. This may draw from information from the IRC local state boards, and other regulatory agencies. Learn More About The CPA Exam How m...