Tag Archive: Business vehicles new limits

IRS announces a few changes in 2013 deduction limits for business vehicles

Written by April 10, 2013

The IRS has published depreciation limits for business vehicles first placed in service this year. The limits for passenger autos remain the same as the 2012 limits, but limits for light trucks and vans have some changes. Because 50% bonus depreciation is allowed only for new vehicles, the limits are different for new and used vehicles. Here’s a quick review....