Saturday November 21, 2009

smSmallBiz.com - SmartMoney's Small Business Site

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Tax-Deductible Business Vehicles
Generous new tax rules allow small-business owners to deduct up to $100,000 of equipment, including trucks, in 2003.
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joey Posted: 6:34 PM On October 23, 2009
I have purchased an 2001 dodge ram pick-up for my sm business. Will I be able to get the tax duction?
Al Posted: 11:36 AM On June 5, 2009
Hi. Does the vehicle registration and/or car loan have to be in the business owners name? I have a small business but I will be using my sisters SUV for business use. I wanted to know if I could still claim the car as a business vehicle even tho the car and loan are in her name. Thanks
Carol Posted: 2:17 PM On April 30, 2009
Would this apply to a used(2006)15 ft box van?
Duke Posted: 2:46 PM On July 15, 2008
As an update to the information contained in Tax-Deductible Business Vehicles, enacted in February the Economic Stimulus Act of 2008 per http://www.section179.org/stimulus_act_2008.html increased the Section 179 limits to $250,000 of new and preowned equipment including certain vehicles. The rest of the information in the article remains valid.
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