Kerry Kerstetter has some good links at the Tax Guru-Ker$tetter Letter here on the Section 179 deduction for vehicles weighing more than 6,000 pounds. In addition, here is a good article by Gleeson, Sklar, Sawyers & Cumpata LLP on the subject which seems to dispel some of the myths associated with it: “Depreciation Deductions Keep Hummin’ Along.” Also, as Kerry mentions Kiplinger.com has the most comprehensive list of vehicles eligible for the deduction here. (The gross weight of a Hummer, by the way, is only 10,300 pounds, according to the Kiplinger.com.)
The “Deduct Your Hummer” Story
Kerry Kerstetter has some good links at the Tax Guru-Ker$tetter Letter here on the Section 179 deduction for vehicles weighing more than 6,000 pounds. In addition, here is a good article by Gleeson, Sklar, Sawyers & Cumpata LLP on the…