Tag Archive: vehicle deduction limits 2015

IRS releases 2015 business vehicle deduction limits

Written by April 13, 2015

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 2014 limits, but the second year limit for light trucks and vans is $100 higher. 50% bonus depreciation is no longer allowed for business equipment purchases, including vehicles. Here’s a quick review of the adjustments...