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Tax Law Highlights - 2012

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  4. Vehicle depreciation limits - 2012

Vehicle depreciation limits - 2012

New cars put in service in 2012 and used over 50% for business, bonus depreciation allows a $11,160 first year depreciation limit. The limit is $3,160 if Bonus depreciation is not used. Light trucks or Vans put in service in 2012 and used over 50% for business, bonus depreciation allows a $11,360 first year depreciation limit. The limit is $3,360 if Bonus depreciation is not used.

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