IRS issues 2013 vehicle depreciation limits

February 26th, 2013 by Joe Kristan

The IRS has issued the maximum annual depreciation tables for cars placed in service in 2013 (Rev. Proc. 2013-21):

20130226-1

 

These are the Section 280F limits on so-called “luxury” cars.  They affect cars purchased for as little as $15,000.  Based on a Cars.com search of Des Moines area cars, KIA is now a luxury brand.

 

Related:

IRS issues 2012 vehicle depreciation limits

IRS announces 2011 vehicle depreciation limits without settling “year 2″ problem in 100% bonus years.

IRS release solves ‘second year zero’ problem for auto depreciation

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