Section 179 Deduction

If you meet certain eligibility requirements, you can choose to deduct a limited amount of the cost of depreciable property in the year you buy it for use in your business. This deduction is known as the Section 179 deduction.

Property not included for this deduction:

Property used 50% or less in your business.
Property held for investment.
Property you lease to others as non-corporate lessor, unless certain restrictions are meet.
Property used mainly outside the US.
Property used for lodging.
Property used by a tax-exempt organization.
Property used by a governmental unit or foreign person or entity.
Air conditioning or heating units.

179 Limits are listed by year on the MicroTechWare website. http://www.microtechware.com/Depreciation_Limits.aspx

For tax year 2010 $250,000 of your 179 deduction can be real property (buildings or land improvements).

The maximum 179 deduction for a SUV is $25,000.