Auto Depreciation Limits - 2016
Truck and van depreciation limits
Answer:
For trucks and vans, the limit is $3,560 for the first tax year, $5,700 ($5,600 if in 2015) the second year, $3,350 the third year and $1,975 each successive year.
If placed in service between 2010 and 2012 then the allowed amount is $1,875. If placed in service in 2009 then the allowed amount is $1,775. If placed in service between 2004 and 2008 then the allowed amount is $1,875.
If placed in service between 2010 and 2012 then the allowed amount is $1,875. If placed in service in 2009 then the allowed amount is $1,775. If placed in service between 2004 and 2008 then the allowed amount is $1,875.