Tax Guru – Ker$tetter Letter

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No Change In SUV Section 179 Limits

Posted by taxguru on July 9, 2007


Subject: section 179 for SUV

In 2007 do you know if you can still expense $25000 of a vehicle with GVW over 6000 pounds under the Small Business and Work Opportunity Tax Act of 2007?  Thanks 



That rule has not been changed. 

The only change in the new tax law is to raise the overall maximum Section 179 from $112,000 to $125,000 for 2007.  The special $25,000 limit on SUVs was not modified.

Kerry Kerstetter



Thank you


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