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Depreciation Deduction Chart For Owners Of Passenger Automobiles, Trucks And Vans



IRS DEpreciation Deductions On Automobiles Trucks Vans

According to IRS Rev. Proc. 2019, this revenue procedure provides: 1) tables of limitations on depreciation deductions for owners of passenger automobiles first placed in service by taxpayer during calendar year 2019; and (2) a table of amounts that must be included in income by lessees of passenger automobiles first leased by the taxpayer during calendar year 2019. The tables detailing these depreciation limitations and lessee inclusion amounts reflect the automobile price inflation adjustments required by 280F(d)(7). For purposes of this revenue procedure, the terms “passenger automobiles” includes trucks and vans.

VIEW LARGER VERSION OF THESE CHARTS AT THIS LINK

Dollar Amount For Passenger Automobiles
With A Lease Term Beginning In Calendar Year 2019

 

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