Higher Depreciation Caps on Heavy SUVs
Heavy SUVs in excess of 6,000lb. GVWR might qualify for higher annual depreciation caps and be put in the same category as trucks. The IRS has not provided a specific definition of a truck for purposes of the exemption from the depreciation caps but did indicate that one common-sense approach is to base the definition of a truck on Department of Transportation guidelines.
The followings are the list of SUVs in excess of 6000 lb. The list is not inclusive. You should verify the GVWR and bed length of a vehicle before making any purchase or claiming exemption from the depreciation limitations.
For detail on how depreication of various business vechiles, please contact us at 408-426-4710 or info@mckeecpa.net. We specialize in accounting and taxes for small to midium business in San Jose area.
Audi suvs in excess of 6,000 pounds
Q7 (2007–2013)
BMW suvs in excess of 6,000 pounds
X5 (2002-2013)
X6 (2008-2013)
Buick suvs in excess of 6,000 pounds
Enclave (2008-2013)
Cadillac suvs in excess of 6,000 pounds
Escalade, Escalade ESV, Escalade Hybrid (2002-2013)
SRX (2004-2009) (2010 and later models no longer exceeds 6,000 pounds)
Chevrolet suvs in excess of 6,000 pounds
Suburban 1500, 2500 (2002-2013)
Tahoe (2002-2013)
TrailBlazer Ext (2002-2006)
TrailBlazer SS (2007–2009) (discontinued)
Traverse (2009-2013)
Chrysler suvs in excess of 6,000 pounds
Aspen, Aspen Hybrid (2007 - 2009) (discontinued)
Dodge suvs in excess of 6,000 pounds
Durango (2004-2009) (2011-2013)
Ford suvs in excess of 6,000 pounds
Excursion (2002-2005) (discontinued)
Expedition (2002-2013)
Explorer (2006-2013)
Explorer Sport Trac (2007–2010) (discontinued)
Flex AWD (2009 - 2013)
GMC suvs in excess of 6,000 pounds
Acadia (2007–2013)
Envoy XL (2002-2006)
Envoy XUV (2004, 2005) (discontinued)
Envoy Denali (2005-2009) (discontinued)
Yukon (2002-2013)
Honda suvs in excess of 6,000 pounds
Pilot 4x4 (2009 - 2013)
Hummer suvs in excess of 6,000 pounds
Hummer H1 (2003-2006) (discontinued)
Hummer H2 (2003-2010) (discontinued)
Hummer H3 (2008-2010 (6,001 lbs)) (discontinued) (2006-2007 models do not exceed 6,000 GVWR)
Infiniti suvs in excess of 6,000 pounds
QX56 (2005-2013)
Isuzu suvs in excess of 6,000 pounds
Ascender (2003 (all trims), 2004-2006 (7-passenger models)
Jeep suvs in excess of 6,000 pounds
Grand Cherokee (2011- 2013) (all trims)
Grand Cherokee (2009-2010) (all trims other than Limited and Laredo)
Grand Cherokee (2005-2008) (all trims other than Laredo)
Commander (2006-2010) (discontinued)
Kia suvs in excess of 6,000 pounds
Borrego (certain EX V6 and EX V8 trims exceed 6,000 lbs.) (2009) (discontinued)
Land Rover suvs in excess of 6,000 pounds
Discovery (2002-2004) (discontinued)
LR4 (2010-2012) (2013 data not available)
LR3 (2005-2009) (discontinued)
Range Rover (2002-2013)
Range Rover Sport (2006-2013)
Lexus suvs in excess of 6,000 pounds
GX460 (2010-2013)
GX470 (2004-2009) (discontinued)
(2003 GX470 does not qualify per manufacturer's recall)
LX470 (2002-2007)
LX570 (2008-2013)
Lincoln suvs in excess of 6,000 pounds
Aviator (2003-2005)
MKT (2010-2013)
Navigator (2002-2013)
Mazda suvs in excess of 6,000 pounds
CX-9 (certain trims)
Touring AWD (2007-2012) (2013 data not available)
Grand Touring AWD (2007-2012) (2013 data not available)
Sport AWD (2007-2012) (2013 data not available)
Mercedes-Benz suvs in excess of 6,000 pounds
G55 (2004-2005; 2007–2012) (discontinued)
G500 (2002-2008)
G550 (2009-2013)
GL320 (2007-2010)
GL350 (2010-2013)
GL450 (2007-2013)
GL550 (2008-2013)
ML55 (2002-2003)
ML63 (2007-2013)
ML320 (2007-2009) (discontinued)
ML320 (2002-2003)
ML350 (2003-2013)
ML450 (2010-2011) (discontinued)
ML500 (2002-2007)
ML550 (2008-2013)
R63 (2007)
R320 (2007–2009)
R350 (2006-2013)
R500 (2006-2007)
Mercury suvs in excess of 6,000 pounds
Mountaineer (2006-2010) (discontinued)
Mitsubishi suvs in excess of 6,000 pounds
Montero (2003-2005) (2002 and 2006 models have GVWR less than 6,000)
Montero Sport does not qualify
Nissan suvs in excess of 6,000 pounds
Armada (2005-2013) (introduced in 2004 as the Pathfinder Armada; renamed in 2005 as Armada)
Pathfinder (2009-2013) (all 4x4 trims exceed 6,000 pounds)
Pathfinder (2008) (all 4x4, SE V8 4x2, and LE V8 4x2 trims exceed 6,000 pounds)
Pathfinder Armada (2004)
Porsche suvs in excess of 6,000 pounds
Cayenne (2003-2006; 2007 temporarily discontinued; 2008-2013)
Saab suvs in excess of 6,000 pounds
9-7x (2005-2009) (discontinued)
Saturn suvs in excess of 6,000 pounds
Outlook (2007-2009) (discontinued)
Toyota suvs in excess of 6,000 pounds
4Runner (certain trims)
2010-2013 all trims
2005-2009—SR5 Sport V8 4x4; SR5 V8 4x4; Limited V8 4x4
Land Cruiser (2002-2013)
Sequoia (2002-2013)
Volkswagen suvs in excess of 6,000 pounds
Touareg (2004-2013)
Volvo suvs in excess of 6,000 pounds
XC90 (certain trims)
2003—T6 A SR AWD
2004—2.5 TA AWD and T6 A AWD
2005-2009—all V8 trims and certain other trims
2010-2013—all trims
This article is for general information only. In accordance with IRS Circular 230 the above are not considered tax opinions for purposes of relying on such statements in any challenge of the reporting of the above transaction by the IRS. If a full tax opinion is required certain procedures must be met . Also there is a significant cost for a full tax opinion to meet the requirements of Circular 230.
01/30/2013
