Auto Depreciation Limits

Auto Depreciation for 2019

The 2019 figures for the limits on depreciation deductions for owners of passenger automobiles acquired after September 2017 and placed in service during calendar year 2019, for which the section 168k depreciation deduction applies

Tax Year                               Amount
1st Tax Year                         $18,100
2nd Tax Year                       $16,100
3rd Tax Year                        $ 9,700
Each Succeeding Yr          $ 5,760

Limits on depreciation deductions for passenger automobiles placed in service during 2019 for which no section 168k additional first year depreciation deduction applies

Tax Year Amount
1st Tax Year $10,000
2nd Tax Year $16,100
3rd Tax Year $ 9,700
Each Succeeding Yr $ 5,760

See Revenue Procedure 2019-26