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> Notably, no exception is available for residents claiming that they need a heavy-duty truck or SUV for their work This only vaguely alludes to why some peopl
by gwbas1c 4y ago
> Notably, no exception is available for residents claiming that they need a heavy-duty truck or SUV for their work
This only vaguely alludes to why some people drive ginormous SUVs. If you "own your own business" you can deduct a truck from your taxes.
My wife works with a doctor who "owns his own business." His family drives giant SUVs because it's cheaper than driving a normal car. The family across the street from me owns a franchise, and both parents drive giant vehicles. One of them is a truck that they use to tow large boats as part of their business; the other is never used for actual business purposes. (But it does have a commercial plate.) They have two kids.
- HeyLaughingBoy 4y agoYou can always deduct the vehicle if you own a business. I have a small business that generally grosses only a few thousand per year, but I deduct all business use of my personal car. The difference, IIRC, is that instead of amortizing the cost over years, IRS Section 179 allows you to expense the entire cost of a 6,000+ lb. vehicle in a single year. So if you own an Escalade like my neighbor, that's an $80,000 tax deduction in one year. It's certainly tempting and I'll probably do exactly the same thing once my business makes enough income for it to make sense. The tax code is a thing: use it to your advantage.