The One Big Beautiful Bill Act (OBBBA) expanded the deductions available for business vehicles in 2025. Timing and vehicle type are critical. Heavy SUVs, Pickups, and Vans  These vehicles with a gross vehicle weight rating (GVWR) over 6,000 pounds may qualify for: 100 percent bonus depreciation Section 179 expensing up to $31,300 for SUVs and $2.5 million for trucks and vans No luxury limits   Example.  A $50,000 SUV used 90 percent for business produces a $45,000 deduction t

When it comes to IRS audits, one of the most common reasons taxpayers lose deductions is the lack of proper documentation. While your...