Automobile MaxAmounts

The IRS limits the amount of depreciation that can be taken for luxury automobiles. When calculating depreciation expense for cars, MTW-Depreciation Schedules will use this data to limit the total depreciation that can be take 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