Which Vehicles Qualify
for Section 179 Deductions?

Just about every vehicle we have for sale at McGee Chrysler Dodge Jeep Ram of Barre qualifies for at least a partial deduction if you use it for business purposes at least 50 percent of the time. There are deduction limits based on the type of vehicle classified by the weight. However, commercial vehicles are modified for specific purposes, such as ambulances, cargo vans with no additional passenger seating, or passenger vans with more than nine seats.

• Light Vehicles - Less than 6,000 pounds: Up to $12,400 and an additional $8,000 bonus depreciation, most passenger vehicles fall under this category
• Heavy Vehicles - 6,000 to 14,000 pounds: Up to $30,500 and 60 percent depreciation, most SUVs and trucks fall under this category
• Other Vehicles - 14,000 pounds or specially modified: Automatically qualify for a full deduction of the purchase price