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Tag Archive for 2019 Automobile Depreciation Chart

2019 Owned And Leased Vehicle Depreciation Charts

2019 Automobile Depreciation Charts

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.

The Depreciation Charts also include: 1) Depreciation limitations for passenger automobiles acquired before September 28, 2017, and placed in service during calendar year 2019 for which the additional first year depreciation rules apply 2) Depreciation limitations for passenger automobiles acquired after September 27, 2017 and placed in service during calendar year 2019 for which the first year depreciation rules apply 3) Dollar amount for passenger automobiles with a lease term beginning in calendar year 2019.

CLICK HERE TO REQUEST DEPRECIATION CHARTS

 

Complimentary Resource: 2019 Automobile, Truck And Leased Vehicles Depreciation Charts

2019 Automobile And Truck Depreciation Charts

As a resource to our readers, we provide an easily downloadable 2019 Automobile And Truck Depreciation Chart which also includes depreciation on leased vehicles. We invite you to request a copy of these charts in order to refer to this information when preparing your clients tax returns, or your very own.

Recently, we have had several inquires on truck depreciation and want to make certain you have the reference chart you need to address these issues for your clients. Please go to the following link to download all of these updated automobile, truck and leased vehicles depreciation charts.

Click Link To Access Automobile, Truck, Leased Vehicles Charts