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Huge tax break for vehicles over 6000 pounds

Old 01-17-2003, 03:07 PM
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F-250 GVWR = 8800#
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Old 01-17-2003, 03:15 PM
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I have to call the Tax lady when I get home ! My truck wieghs 6500# and technically I'm a contractor.
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Old 01-17-2003, 06:08 PM
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I'm a farmer, and I've used this for my last 5 pickups. Although I'm not quite in the tax bracket they talk about.
Now that everyone knows about it, you can bet it's going to change.
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Old 01-17-2003, 07:15 PM
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Originally posted by Mrgoodwrench
Is this state or federal?
It's a federal tax law but if your state income tax is based off of your Federal AGI (Kansas and Missouri are examples of this) then the dedution will benefit you in both respects.
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Old 01-17-2003, 07:16 PM
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My Tundra GVWR is 6050, it woulf qualify...
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