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Article Date:
April 2011

Word Count:



IRS Releases 2011 Luxury Auto Limits

The IRS has released the new 2011 luxury auto limits on depreciation.1 Here is how the luxury limits work:


On a new passenger auto placed in service in 2011, the law limits your depreciation deduction to no more than



$11,060 in 2011;


$4,900 in 2012;


$2,950 in 2013; and


$1,775 each year thereafter.


Example. You place a $40,000 car in service on May 17, 2011. With 100 percent business use, these are your deductions:



$11,060 in 2011


$4,900 in 2012


$2,950 in 2013


$1,775 in years 2014 ... Log in to view full article.

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