6,000 Pound Vehicle List – Special IRS Depreciation Tax Benefit

Special IRS Depreciation Tax Benefit of Buying 6,000 lb Cars and Trucks.

• List of Vehicles with GVWR exceeding 6,000 lbs.
  
• Under the current tax law, vehicles with a GVWR of 6,000 lbs or more are exempt from annual depreciation caps.
• Section 179(a) allows a taxpayer to elect to treat the cost (or a portion of the cost) of any § 179 property as an expense for the taxable year in which the taxpayer places the property in service.
• IRS Tax Code 179 – Depreciation of Vehicles
• The tax deduction for business autos is equal whether they are bought outright, leased, or financed
   

Limits for Cars, Trucks, SUVs or Crossover Vehicles with GVW above 6,000lbs
Certain cars or trucks (with a gross vehicle weight rating higher than 6,000 lbs. but don’t exceed 14,000 lbs.) qualify for withholding up to $27,000 in 2022 ($28,900 in 2023) if the car/truck meets all IRS qualifications.

Below is a list of vehicles that qualify for this exemption. These vehicles are designated by the manufacturer as trucks.

Please consult with a CPA before purchasing any of these vehicles and check the owner’s manual.

IRS Section 179 depreciation deduction:
Up to $27,000 in 2022 ($28,900 in 2023) of the cost of vehicles rated between 6,000 lbs GVWR and 14,000 lbs GVWR can be deducted using a section 179 deduction. This limitation on sport utility vehicles does not impact larger commercial vehicles, commuter vans, or buses.

Vehicle Requirements for Tax Incentives 

• Motor Vehicles (6,000 lbs <GVWR <  14,000 lbs.) qualify for deducting up to $27,000 in 2022 ($28,900 in 2023) if the vehicle is purchased and placed in service prior to December 31 of the tax year.
• Vehicles that can seat nine-plus passengers
• Vehicles with a fully-enclosed cargo area
• Heavy construction equipment 

List of  vehicles 6,000 pounds or more  that qualify for tax incentives 

Audi

• AUDI Q7
• AUDI SQ7
• AUDI Q8
• AUDI SQ8

BMW

• BMW X5 XDRIVE45E
• BMW X6 M50i
• BMW X7 xDrive40i
• BMW X7 M50i
• X7 M50d

Bentley

• BENTLEY BENTAYGA
• BENTLEY BENTAYGA HYBRID
• BENTLEY BENTAYGA SPEED
• BENTLEY FLYING SPUR
• BENTLEY FLYING SPUR V8
• BENTLEY FLYING SPUR W12
• BENTLEY MULSANNE
• BENTLEY MULSANNE SPEED
• BENTLEY MULSANNE EXTENDED

Buick

• BUICK ENCLAVE AVENIR AWD
• BUICK ENCLAVE AVENIR FWD
• BUICK ENCLAVE ESSENCE AWD
• BUICK ENCLAVE ESSENCE FWD

Cadillac

• CADILLAC ESCALADE
• CADILLAC ESCALADE ESV
• CADILLAC ESCALADE PLATINUM
• CADILLAC ESCALADE ESV PLATINUM

Chevrolet

• CHEVROLET SILVERADO 2500HD
• CHEVROLET SILVERADO 3500HD
• CHEVROLET SILVERADO 4500HD
• CHEVROLET SILVERADO 5500HD
• CHEVROLET SILVERADO 6500HD
• CHEVROLET EXPRESS CARGO VAN 2500
• CHEVROLET EXPRESS CARGO VAN 3500
• CHEVROLET EXPRESS PASSENGER VAN
• CHEVROLET SUBURBAN
• CHEVROLET TAHOE
• CHEVROLET TRAVERSE

Chrysler

• CHRYSLER PACIFICA

Dodge

• DODGE DURANGO
• DODGE DURANGO SRT
• DODGE DURANGO CITADEL
• DODGE DURANGO R/T
• DODGE DURANGO GT
• DODGE DURANGO SXT
• DODGE GRAND CARAVAN