The § 179 limit for a sports utility vehicle with a GVW of 7,000 pounds used for the production of income is $25,000.

Name: The § 179 limit for a sports utility vehicle with a GVW of 7,000 pounds used for the production of income is $25,000.
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Quizplus · Accepted Answer

The § 179 limit for a sports utility vehicle with a GVW of 7,000 pounds used for the production of income is actually $25,900 for the tax year 2021. Therefore, the statement that the limit is $25,000 is false.

The § 179 Limit for a Sports Utility Vehicle with a GVW