Pay My Invoice

Depreciation Limits for Business Passenger Autos

2019 – 05/23 The IRS has issued depreciation limits for business passenger autos (including trucks and vans) placed in service in 2019. IRS Revenue Procedure 2019-26 provides that, for vehicles acquired before September 28, 2017, and placed in service in 2019, the depreciation limits are $10,100 for the first year ($14,900 with bonus depreciation), $16,100 for the second year, $9,700 for the third year, and $5,760 each year thereafter. For vehicles acquired after September 27, 2017, and placed in service in 2019, the limits are $10,100 for the first year ($18,100 with bonus depreciation), $16,100 for the second year, $9,700 for the third year, and $5,760 each year thereafter. Contact us with questions.

©2019 Bland Garvey CPA