Re:Americans falling behind on auto loan payments at record ...
by smileysteve on Saturday October 28, 2023 @10:12AM
(#38049952)
Part of the 2018 Tax cuts were for "work trucks" with a depreciation bonus
> For tax purposes, heavy SUVs, pickup trucks and vans are treated as transportation equipment, meaning they qualify for 100% first year bonus depreciation. Note that they must have a manufacturer’s gross vehicle weight rating (GVWR) above 6,000 lbs.
> For tax purposes, heavy SUVs, pickup trucks and vans are treated as transportation equipment, meaning they qualify for 100% first year bonus depreciation. Note that they must have a manufacturer’s gross vehicle weight rating (GVWR) above 6,000 lbs.