The National Directory of Certified Public Accountants

Ask A CPA - Auto Depreciation Limits - 2016

Luxury Automobile Limitation - Vans And Trucks

There are higher annual "luxury automobile" depreciation limitations for vans and trucks than for other passenger automobiles. For this purpose, “vans and trucks” are passenger automobiles that are built on a truck chassis, including minivans and sport utility vehicles that are built on a truck chassis.

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