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Luxury Automobiles Limit Increased

Under §280F(a), limitations are placed on the amount of allowable depreciation taken on “passenger automobiles” placed in service and used for business purposes.  The limitations for the tax year 2018 and 2019 are shown below.


Depreciation Limits for 2018 and 2019



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Cathy Fisher

Common Cents Bookkeeping and Tax Preparation

Serving Henderson, NC, Buncombe County, Polk County, Transylvania County

E: cathy@commoncentsqbo.com

P: 828-595-2835

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