Hyundai Tucson
$29,000-$41,000
Is a Tucson a Tax Write-Off?
Short answer: Partly: the Tucson is under 6,000 lbs GVWR, so business use is deductible but first-year depreciation is capped at roughly $20,000 under the luxury auto limits.
You can use either the standard mileage rate or actual expenses times your business-use percentage. Commuting is never deductible.
Records to keep: Keep a contemporaneous mileage log (date, miles, business purpose), business-use percentage, the purchase contract, and a photo of the door-jamb GVWR sticker.
Hyundai Tucson
Typical range: $29,000-$41,000
General Business
Partly: the Tucson is under 6,000 lbs GVWR, so business use is deductible but first-year depreciation is capped at roughly $20,000 under the luxury auto limits.
Business justification
Partly: the Tucson is under 6,000 lbs GVWR, so business use is deductible but first-year depreciation is capped at roughly $20,000 under the luxury auto limits. You can use either the standard mileage rate or actual expenses times your business-use percentage. Commuting is never deductible.
Category
- Vehicles by Make & Model