Apr 2 2004
Although there is currently a cap on tax deductions for cars used for business purposes, vehicles weighing 6,000 pounds or more (like trucks and SUVs) are exempt from these caps. And, if Bush's plan goes through, up to $75,000 of the purchase price of these vehicles would be tax deductible (that's 6,000 pounds gross vehicle weight, not actual weight):
- BMW X5
- Cadillac Escalade
- Chevy Astro
- Chevy Avalanche
- Chevy Express
- Chevy Silverado
- Chevy Suburban
- Chevy Tahoe
- Dodge Durango
- Dodge Ram Van
- Dodge Ram Maxi Van
- Dodge Ram Wagon
- Dodge Ram 1500
- Dodge Ram 2500
- Dodge Ram 3500
- Ford Excursion
- Ford Expedition
- Ford Econoline E-150
- Ford Econoline E-250
- Ford Econoline E-350
- Ford F-150
- Ford F-250
- Ford F-350
- GMC Yukon
- GMC Safari
- GMC Savana
- GMC Sierra
- GMC Sierra Denali
- Hummer H1, H2
- Land Rover Discovery
- Land Rover Range Rover
- Lexus LX470
- Lincoln Blackwood
- Lincoln Navigator
- Mercedes G500
- Mercedes ML 320
- Mercedes ML 500
- Mercedes ML55 AMG
- Toyota Land Cruiser
- Toyota Sequoia
- Toyota Tundra