The Section 179 Deduction is often used to write off vehicles purchased for use by businesses. Vehicles that qualify for deduction must be used for business at least 50 percent of the time. SUV's that qualify for the Section 179 Deduction must be more than 6,000 pounds, but no more than 14,000 pounds, and must be designed for the use of carrying passengers over pubic roads. More than 40 different SUV's meet these specifications.
Chevrolet Tahoe
In 2008 the Chevy Tahoe was ranked at the top of the list in Motor Week's "Best Large Utility Vehicle." Offering seating for up to nine adults, plenty of room is available for business passengers. In 2010 the Tahoe scored five out of five stars in frontal and side-impact crash tests.
GMC Yukon
GMC's Yukon is available in either a hybrid version or the original 5.3 liter engine run by gasoline. A fuel flex (capable of running on gasoline or E85 ethanol) version of the 5.3 liter engine is also available. The Yukon highly resembles the Tahoe in its design as well as safety ratings.
Toyota Land Cruiser
Classified as a luxury SUV, the Land Cruiser comes equipped with a 5.7 liter V8 engine with 381 horsepower along with an array of extras. Keyless entry, sunroof, front and rear parking sensors and a power tilt-and-telescope steering wheel are just a few of these extras. The Land Cruiser is built with Toyota's Kinetic Dynamic Suspension System that offers both on and off-road driving capabilities.
The Section 179 Deduction is often called the "Hummer Loophole." So it's no surprise the Hummer H2 would make Section.org's list of Top 10 "Awesome Vehicles That Qualify as a Business Write Off." Other SUVs on the list include the Cadillac Escalade, Ford Expedition, Mercedes-Benz GL-Class SUV and Chevy Suburban.
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