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 Cars.com search of Des Moines area cars, KIA is now a luxury brand.
Related:
IRS issues 2012 vehicle depreciation limits
IRS release solves ‘second year zero’ problem for auto depreciation
Tags: Depreciation, luxury autos
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