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):



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



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