Post by Carson Simpson

Your buddy at the job site is wrong about your truck. "Buy anything over 6,000 pounds and write the whole thing off." Every contractor has heard it. It's about 60% true — the other 40% is what gets you audited. What's true: the 6,000-lb GVWR rule is real, and with 100% bonus depreciation back permanently, a qualifying work truck can often be fully deducted in year one. What your buddy left out: You only deduct the BUSINESS-USE percentage. An $80,000 truck used 70% for business is a $56,000 deduction — not $80,000. - Business use must be OVER 50%, or the fast write-off is off the table. Drops below 50% later? The IRS claws part of it back. - Driving from home to a regular job site is usually commuting — personal miles, not business. (Temporary job sites and a legit home office can flip this) - A write-off isn't a free truck. That $56K deduction saves roughly $17K in tax (assuming a ~30% combined rate — yours will differ). The truck still cost $80K. And when you sell or trade it, the IRS takes some back — gain up to the depreciation you claimed is taxed as ordinary income. Never buy equipment just for the deduction. The audit trap: it all lives or dies on your mileage log (I use a third party mileage tracker app, not a homemade spread sheet). Vehicle deductions are one of the IRS's favorite things to challenge, and "about 80% business" with no log means the deduction disappears. A cheap mileage app protects a five-figure write-off. This is general educational content — not individualized tax, legal, or investment advice. Run the numbers with a tax professional BEFORE you buy, not at tax time. Be honest, owners: do you actually have a mileage log, or are you planning to "figure it out later"? 👇 #TaxStrategy #BusinessOwners #TruckWriteOff #Contractors #SmallBusiness #Section179