Hoopoe
Member
Is the full 179 deduction still active for 2019? I have been hearing guidance from some peers whose accountants have suggested a max of 25k plus regular depreciation for this year. Looking to make a purchase between X and 3 in the next few weeks and this could make a big difference.
Limits for SUVs or Crossover Vehicles with GVW above 6,000lbs
Certain vehicles (with a gross vehicle weight rating above 6,000 lbs. but no more than 14,000 lbs.) qualify for deducting up to $25,000 if the vehicle is purchased and placed in service prior to December 31 and meets other conditions.
Section 179 Deduction for Trucks / Vehicles | Section179.Org
Limits for SUVs or Crossover Vehicles with GVW above 6,000lbs
Certain vehicles (with a gross vehicle weight rating above 6,000 lbs. but no more than 14,000 lbs.) qualify for deducting up to $25,000 if the vehicle is purchased and placed in service prior to December 31 and meets other conditions.
Section 179 Deduction for Trucks / Vehicles | Section179.Org