Question1. Does the section 179 deduction for 2011 include SUV vehicles?

Answer: Section 179 deduction is an excellent incentive offered by the tax law. This allows you to deduct up to $500,000 of qualified asset purchases in a year against your operating income. The assets also include SUVs that are over 6,000 lbs. However, the limit on the vehicles that qualify under that category is limited to $25,000. So, you can buy a vehicle that is higher in price than $25,000 but you can only deduct $25,000 at once and the rest of the amount will go as regular depreciation over the years of its life.