SUV Tax Deduction – Tax Planning Strategies 2002
As 2002 is winding down, everyone needs to be thinking about maximizing their tax deductions. This month's letter details some tax tips you may not know about. I hope everyone finds it helpful and...
View ArticleSUV Deduction 2002 – Tax Planning Strategies Part 2
The U.S. government provides tax credits for many purposes to promote consumer behavior that benefits the greater good. Originally, the SUV credit was intended to apply to light trucks and was added so...
View ArticleSUV Tax Deduction – Section 179 Pitfalls
If you made several equipment purchases for your business this year, you should know about the Section 179 deduction that allows you to immediately expense up to the entire cost of the assets you...
View ArticleSUV Tax Deduction Gains Momentum
The SUV loophole just got big enough to drive a Hummer through. Among the provisions of the tax package just approved by Congress is an increase in the deduction allowed for small-business equipment...
View ArticleSUV Tax Deduction – Vehicle List as it applies to Section 179
To qualify for the deduction (Section 179 of the tax code), an SUV or light truck must have a gross weight of at least 6,000 pounds. This is the vehicle weight plus maximum payload and also is referred...
View ArticleSUV Tax Break – SUV Tax Break Basics
Vicki Greenwood checked with her accountant and then cut a deal for a brand new H2 Hummer, taking advantage of the so-called SUV tax loophole that's driving a surge in year-end sales of heavy weight...
View ArticleSUV Tax Deduction – Tax Planning Strategies for 2004 – SUV Tax Break -SUV Tax...
Gross Vehicle Weight Ratings (GVWR's) of more than 6,000 pounds qualify. This article on the SUV Tax Deduction was written from a negative viewpoint but it also explains the SUV Tax Deduction brilliantly.
View ArticleSUV Loophole Closing 10-15-04
The so-called Hummer tax break will soon be another thing in the rearview mirror. But it won't be fading entirely. President Bush is expected to sign into law this week or early next week a rollback of...
View ArticleSUV TAX DEDUCTION UPDATE 10-15-04
Changes to Section 179 last year, commonly called the SUV Tax Deduction, expanded this popular tax break from $25,000 to $100,000 and lifted depreciation schedules. This combination of factors...
View ArticleTax Deductible SUV- Latest Changes 10-22-04. The Basics Explained
Thanks to the 2003 Tax Act, many small business es can instantly deduct up to $100,000 worth of new and preowned equipment in the year it's first placed in service ($102,000 for 2004 after adjusting...
View ArticleSUV Tax Deduction 2005
In the eyes of the IRS, the SUV isn't just another car when it comes to calculating the auto expense deduction. Every vehicle that is used primarily in business can calculate auto expenses either by...
View ArticleSUV Tax Deduction for Dummies
I have a small printing business, the income from this business is about 30K. At my other fulltime job i get paid 80K. My wife makes 40K. I do my taxes with all 3 incomes combined.
View ArticleSUV Deduction in Brief
For heavy SUVs, businesses can deduct up to $25,000 of the SUVs cost in the year it is purchased. Also, the rules that limit the amount of annual depreciation allowed on passenger automobiles do not...
View ArticleSUV Tax Deduction List 2013
The Section 179 “Hummer Loophole” has been greatly reduced over the years to prevent people writing off the purchases off gas guzzling suvs for personal use. Still there are vehicles available with...
View ArticleSection 179 Eligible Vehicle List 2014
Every year we compile a list of eligible SUVs, trucks, and vans that should qualify for the Section 179 expense deduction based on the weight of the vehicle.
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