Are thinking about a new vehicle for your business? Maybe you should think about an SUV or a PICK-UP?

The IRS normally limits the depreciation that can be deducted on the purchase price of a business vehicle. That limit is only $3,060 for the first year for a 100% business use vehicle. However, for some business "trucks" the first year depreciation can be as high as $24,000. A "truck" is defined by IRS as a vehicle with over 6,000 lbs. of gross weight. This gross weight of the vehicle is normally displayed on the inside of the driver's door.  Always consult with your CPA whenever your income taxes maybe impacted.

Cadillac
    Escalade SUV

Chevrolet
    Astro Passenger Van AWD
    Avalanche Pickup
    Express Van
    Silverado Pickup
    Suburban SUV
    Tahoe SUV

Dodge
    Durango SUV
    Ram Van
    Ram Maxi Van
    Ram Wagon
    Ram 1500 Pickup
    Ram 2500 Pickup
    Ram 3500 Pickup

Ford
    Excursion SUV
    Expedition SUV
    Econoline (E150, E250, E350) Van
    Econoline Wagon
    F150 Pickup
    F250 Pickup
    F350 Pickup     GMC
    Yukon -
        (including XL and Denali) SUV
    Safari Passenger Van AWD
    Savana Van
    Sierra Pickup
    Sierra Denali

Land Rover
    Discovery Series II SUV (2001)
    Range Rover SUV (2001)

Lincoln
    Blackwood Pickup
    Navigator SUV

Mercedes
    M-Class -
        (ML 32, ML 500, ML55 AMG)

Toyota
    Land Cruiser (4WD) SUV
    Sequoia SUV
    Tundra Pickup (Limited models)