PTIN Seal

Auto Depreciation Limits - 2016

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Auto Depreciation Limits - 2016
  4. Automobile depreciation limit

Automobile depreciation limit

For passenger automobiles (other than trucks or vans) placed in service during calendar year 2016, the depreciation limit under Sec. 280F(d)(7) is $3,160 plus $8,000 first year special allowance = $11,160. For passenger automobiles (other than trucks or vans) placed in service during calendar year 2016, the depreciation limit under Sec. 280F(d)(7) is $3,560 plus $8,000 first year special allowance = $11,560 for the first tax year,

Need Professional Help?

If you need help with "Auto Depreciation Limits - 2016" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.