| Tax dedutions for your SUV..."SUV subsidy"
In the United States, the so-called "SUV subsidy" (Section 179 depreciation deduction) allows small-business owners to deduct up to $25,000 of the cost of a vehicle with a Gross vehicle weight rating of over 6000 lb (2722 kg) from their income tax calculation. Small-business owners may deduct $10,610 of the cost of a passenger automobile.
This provides a slight tax incentive for businesses to purchase an SUV. However, the cost of both SUVs and automobiles is fully deductible over future years using normal depreciation. In previous years, this deduction reached $102,000 and was the subject of much criticism. | 
01-24-2006, 10:29 PM
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