^^^^^^ what do you mean pretax....and writing it off really?
The Obama Administration...or perhaps it is congress, passed a temporary bill that allowed companies to depreciate equipment purchases 100% the first year on investments totaling I believe $120,000. It was part of a stimulus package and it ends this tax year.
I have an S-corp and both my partner and I purchased new pickups and will be writing them off. As an S-Corp we can own the vehicles in our own name versus in the company name. If you purchase an SUV only $25,000 can be written off...please consult your tax specialist for complete details...lol
I read the code section and I caught something my accountant did not. It stated that the truck bed must be 6 feet in length or greater. So, I also purchased the bed extender so the bed is well beyond 6 feet. Plus I am in the construction industry so it is a legitimate piece of equipment.