The qualifying vehicle must be purchased and placed into service between January 1, 2018, and December 31, 2018. It must be used at least 50% for business, based on mileage, in the first year it is placed in service.
What Vehicles Qualify?
Trucks with a GVWR greater than 6,000 lbs. and a bed length of at least six feet qualify for the maximum first-year depreciation deduction of up to the FULL PURCHASE PRICE. SUVs, including trucks, with a bed length of less than six feet and a GVWR greater than 6,000 lbs. qualify for a maximum first year depreciation deduction of up to the first $25,000 of the full purchase price plus 60% depreciation of any remaining balance.
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(320) 251-8900
Call Now2930 2nd Street South • ST. Coud, MN 56301
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Open Today! Service: 8am-1pm