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Making Cents: Trucks Carry Bigger Deduction Load

August 25, 1996

The IRS distinction between a car and a truck used in business makes a difference in the depreciation schedule and thus can mean hundreds of dollars in accelerated deductions. The more generous treatment is for the truck--defined as a vehicle with a maximum weight rating (when loaded) of more than 6,000 pounds. Some sport-utility vehicles, such as a Toyota Land Cruiser or Chevy Suburban, are thus "trucks."

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