What vehicles qualify for a Section 179 deduction?

Red Toyota Sequoia SUV showing off its higher towing capacity than the entry-level Jeep Wagoneer Series I by pulling a boat down a country road.

Small businesses use things, and when they do, they can claim depreciation on their taxes. However, many small business owners don’t realize that they can also depreciate a significant amount on their SUV or large truck. And, in some circumstances, small businesses can even take full depreciation, and not just for electric vehicles. There is something called the Section 179 deduction that allows you to deduct a large amount from the cost of your new SUV or truck.

The list of Section 179 vehicles is long, and there are several issues with the Section 179 deduction. Much of it comes down to which truck or SUV you buy and how much it weighs.

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