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TAX Write-Offs for 2005

Exciting Tax Breaks that may be available to many people, regarding certain vehicles that qualify for a Tax Depreciation, if you are a Business Owner!

Because of the "Gross Vehicle Weight Rating" (GVWR) of certain vehicles that exceed 6,000 pounds (Mercedes G500, Cadillac Escalade, Ford Excursion, H2 - check with dealers for weight verification), they can be depreciated when used for business, much more rapidly than luxury cars.

YEAR

6,000 Pounds Vehicle $50,000

Luxury Car $50,000

One

$30,000

$2,960

Two

$8,000 $4,700
Three $4,800 $2,850
Four $2,880 $1,675
Total Depreciation 1-4 Years $45,680 $12,185
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