Write Off Your Entire SUV

August 4, 2004 by Dane | 0 Comments
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Slate: “It’s no accident the automakers churn out so many SUVs that break the 6 [thousand pound] barrier. By doing so, these “trucks” (and that’s how they’re classified by the U.S. Department of Transportation) qualify for a huge federal tax break. If you claim you use a 3-ton truck exclusively for work, you can write it off immediately. All of it. Up to $100,000 (in fact, Congress raised the limit from $25,000 just last year). Heavy SUVs qualify for similar state tax breaks in California (up to $25,000) and elsewhere.”

via Professor Bainbridge who notes that these vehicles are also illegal on many suburban California streets precisely because they weigh over 6,000 pounds.

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