Automobile Max Amounts

Automobile MaxAmounts

The IRS limits the amount of depreciation that can be taken for luxury automobiles. When calculating depreciation expense for cars, Web Depreciation will use this data to limit the total depreciation that can be taken in any given year.

The IRS usually makes these amounts available at year-end.

These limits are listed by year and automobile type on the MicroTechWare web site.

http://www.MicroTechWare.com/Depreciation_Limits.aspx