By Karen Fickes and Warren Joseph of Bloomberg BNA -
2012-06-20T21:55:57Z
Photograph by Qilai Shen/Bloomberg
Large SUVs
Provisions in the Code regarding deductions for business use of luxury automobiles limit writeoffs for expensive vehicles. The restrictions do not apply, however, to vehicles rated at 6,000 pounds unloaded gross vehicle weight or more. Taxpayers have discovered that purchasing a large SUV often provides faster writeoffs than similar but smaller vehicles. So much for going green.
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