title>Tax Guru-Ker$tetter Letter Wizard Animation

                 

Tax Guru-Ker$tetter Letter
Monday, July 09, 2007
 
No Change In SUV Section 179 Limits


Q:



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 


 


A:



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


 


Follow-Up:



Thank you


 


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