2011 Luxury Auto Depreciation Limits, Tables and Explanations
The tax law limits the amount you can deduct for depreciation of your car, truck or van. The section 179 deduction and special depreciation allowance are treated as depreciation for purposes of these limits. The maximum amount you can deduct each year depends on the year you place the car in service. The 2011 luxury vehicle tables appear below.1 The tables show
limitations on depreciation deductions for owners of passenger vehicles, trucks and vans first placed in service during calendar year 2011,
income inclusion amounts by lessees of passenger vehicles, trucks and vans, and
revised depreciation limitations and lessee inclusion amounts for passenger vehicles taking advantage of bonus depreciation under IRC Section 168(k).
To stay on top of these and future tax law changes, we suggest that you read the monthly articles published online at the Bradford Tax Institute. We provide cutting-edge tax information for the self-employed, the one owner business, and the husband and wife owned business.
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TABLE 1. DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES | |
Tax Year | Amount |
1st Tax Year | $11,060 |
2nd Tax Year | $4,900 |
3rd Tax Year | $2,950 |
Each Succeeding Year | $1,775 |
TABLE 2. DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES | |
Tax Year | Amount |
1st Tax Year | $11,260 |
2nd Tax Year | $5,200 |
3rd Tax Year | $3,150 |
Each Succeeding Year | $1,875 |
TABLE 3. DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY | |
Tax Year | Amount |
1st Tax Year | $3,060 |
2nd Tax Year | $4,900 |
3rd Tax Year | $2,950 |
Each Succeeding Year | $1,775 |
TABLE 4. DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2011 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY | |
Tax Year | Amount |
1st Tax Year | $3,260 |
2nd Tax Year | $5,200 |
3rd Tax Year | $3,150 |
Each Succeeding Year | $1,875 |
TABLE 5. DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2011 | ||||||
Fair Market Value of Passenger Automobile | Tax Year During Lease | |||||
Over | Not Over | 1st | 2nd | 3rd | 4th | 5th & later |
$18,500 | $19,000 | 3 | 8 | 11 | 13 | 16 |
19,000 | 19,500 | 4 | 9 | 13 | 15 | 18 |
19,500 | 20,000 | 4 | 10 | 15 | 17 | 20 |
20,000 | 20,500 | 5 | 11 | 16 | 19 | 23 |
20,500 | 21,000 | 5 | 12 | 18 | 21 | 25 |
21,000 | 21,500 | 6 | 13 | 19 | 24 | 26 |
21,500 | 22,000 | 6 | 14 | 21 | 26 | 29 |
22,000 | 23,000 | 7 | 16 | 23 | 29 | 32 |
23,000 | 24,000 | 8 | 18 | 27 | 32 | 37 |
24,000 | 25,000 | 9 | 20 | 30 | 36 | 42 |
25,000 | 26,000 | 10 | 23 | 33 | 40 | 46 |
26,000 | 27,000 | 11 | 25 | 36 | 44 | 51 |
27,000 | 28,000 | 12 | 27 | 40 | 48 | 55 |
28,000 | 29,000 | 13 | 29 | 43 | 52 | 60 |
29,000 | 30,000 | 14 | 31 | 47 | 55 | 65 |
30,000 | 31,000 | 15 | 34 | 49 | 60 | 69 |
31,000 | 32,000 | 16 | 36 | 53 | 63 | 73 |
32,000 | 33,000 | 17 | 38 | 56 | 68 | 77 |
33,000 | 34,000 | 18 | 40 | 60 | 71 | 82 |
34,000 | 35,000 | 19 | 42 | 63 | 75 | 87 |
35,000 | 36,000 | 20 | 45 | 66 | 79 | 91 |
36,000 | 37,000 | 21 | 47 | 69 | 83 | 96 |
37,000 | 38,000 | 22 | 49 | 73 | 87 | 100 |
38,000 | 39,000 | 23 | 51 | 76 | 91 | 105 |
39,000 | 40,000 | 24 | 53 | 80 | 94 | 110 |
40,000 | 41,000 | 25 | 56 | 82 | 99 | 114 |
41,000 | 42,000 | 26 | 58 | 86 | 102 | 119 |
42,000 | 43,000 | 27 | 60 | 89 | 107 | 123 |
43,000 | 44,000 | 28 | 62 | 93 | 110 | 128 |
44,000 | 45,000 | 29 | 64 | 96 | 114 | 133 |
45,000 | 46,000 | 30 | 67 | 98 | 119 | 137 |
46,000 | 47,000 | 31 | 69 | 102 | 122 | 141 |
47,000 | 48,000 | 32 | 71 | 105 | 127 | 145 |
48,000 | 49,000 | 33 | 73 | 109 | 130 | 150 |
49,000 | 50,000 | 34 | 76 | 111 | 134 | 155 |
50,000 | 51,000 | 35 | 78 | 115 | 138 | 159 |
51,000 | 52,000 | 36 | 80 | 118 | 142 | 164 |
52,000 | 53,000 | 37 | 82 | 122 | 146 | 168 |
53,000 | 54,000 | 38 | 84 | 125 | 150 | 173 |
54,000 | 55,000 | 39 | 87 | 128 | 153 | 178 |
55,000 | 56,000 | 40 | 89 | 131 | 158 | 182 |
56,000 | 57,000 | 41 | 91 | 135 | 161 | 187 |
57,000 | 58,000 | 42 | 93 | 138 | 166 | 191 |
58,000 | 59,000 | 43 | 95 | 142 | 169 | 196 |
59,000 | 60,000 | 44 | 98 | 144 | 174 | 200 |
60,000 | 62,000 | 46 | 101 | 149 | 179 | 207 |
62,000 | 64,000 | 48 | 105 | 156 | 187 | 216 |
64,000 | 66,000 | 50 | 109 | 163 | 195 | 225 |
66,000 | 68,000 | 52 | 114 | 169 | 203 | 234 |
68,000 | 70,000 | 54 | 118 | 176 | 211 | 243 |
70,000 | 72,000 | 56 | 123 | 182 | 218 | 253 |
72,000 | 74,000 | 58 | 127 | 189 | 226 | 262 |
74,000 | 76,000 | 60 | 132 | 195 | 234 | 270 |
76,000 | 78,000 | 62 | 136 | 202 | 242 | 279 |
78,000 | 80,000 | 64 | 140 | 209 | 250 | 288 |
80,000 | 85,000 | 67 | 148 | 220 | 264 | 304 |
85,000 | 90,000 | 72 | 159 | 237 | 283 | 327 |
90,000 | 95,000 | 77 | 170 | 253 | 303 | 350 |
95,000 | 100,000 | 82 | 181 | 269 | 323 | 372 |
100,000 | 110,000 | 90 | 198 | 293 | 352 | 406 |
110,000 | 120,000 | 100 | 220 | 326 | 391 | 452 |
120,000 | 130,000 | 110 | 242 | 359 | 430 | 497 |
130,000 | 140,000 | 120 | 264 | 392 | 469 | 543 |
140,000 | 150,000 | 130 | 286 | 424 | 509 | 588 |
150,000 | 160,000 | 140 | 308 | 457 | 548 | 633 |
160,000 | 170,000 | 150 | 330 | 490 | 587 | 679 |
170,000 | 180,000 | 160 | 352 | 523 | 626 | 724 |
180,000 | 190,000 | 170 | 374 | 555 | 666 | 769 |
190,000 | 200,000 | 180 | 396 | 588 | 705 | 815 |
200,000 | 210,000 | 190 | 418 | 621 | 744 | 860 |
210,000 | 220,000 | 200 | 440 | 654 | 784 | 904 |
220,000 | 230,000 | 210 | 462 | 687 | 823 | 950 |
230,000 | 240,000 | 220 | 484 | 719 | 863 | 995 |
240,000 | And up | 230 | 506 | 752 | 902 | 1,040 |
TABLE 6. DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2011 | ||||||
Fair Market Value of Truck or Van | Tax Year During Lease | |||||
Over | Not Over | 1st | 2nd | 3rd | 4th | 5th & later |
$19,000 | $19,500 | 3 | 7 | 9 | 12 | 13 |
19,500 | 20,000 | 3 | 8 | 11 | 14 | 15 |
20,000 | 20,500 | 4 | 9 | 13 | 15 | 18 |
20,500 | 21,000 | 4 | 10 | 15 | 17 | 20 |
21,000 | 21,500 | 5 | 11 | 16 | 20 | 22 |
21,500 | 22,000 | 5 | 12 | 18 | 22 | 24 |
22,000 | 23,000 | 6 | 14 | 20 | 24 | 29 |
23,000 | 24,000 | 7 | 16 | 24 | 28 | 32 |
24,000 | 25,000 | 8 | 18 | 27 | 32 | 37 |
25,000 | 26,000 | 9 | 20 | 31 | 36 | 41 |
26,000 | 27,000 | 10 | 23 | 33 | 40 | 46 |
27,000 | 28,000 | 11 | 25 | 37 | 43 | 51 |
28,000 | 29,000 | 12 | 27 | 40 | 48 | 55 |
29,000 | 30,000 | 13 | 29 | 43 | 52 | 60 |
30,000 | 31,000 | 14 | 31 | 47 | 56 | 64 |
31,000 | 32,000 | 15 | 34 | 49 | 60 | 69 |
32,000 | 33,000 | 16 | 36 | 53 | 63 | 74 |
33,000 | 34,000 | 17 | 38 | 56 | 68 | 78 |
34,000 | 35,000 | 18 | 40 | 60 | 71 | 83 |
35,000 | 36,000 | 19 | 43 | 62 | 76 | 87 |
36,000 | 37,000 | 20 | 45 | 66 | 79 | 92 |
37,000 | 38,000 | 21 | 47 | 69 | 83 | 97 |
38,000 | 39,000 | 22 | 49 | 73 | 87 | 101 |
39,000 | 40,000 | 23 | 51 | 76 | 91 | 105 |
40,000 | 41,000 | 24 | 54 | 79 | 95 | 109 |
41,000 | 42,000 | 25 | 56 | 82 | 99 | 114 |
42,000 | 43,000 | 26 | 58 | 86 | 103 | 118 |
43,000 | 44,000 | 27 | 60 | 89 | 107 | 123 |
44,000 | 45,000 | 28 | 62 | 93 | 110 | 128 |
45,000 | 46,000 | 29 | 65 | 95 | 115 | 132 |
46,000 | 47,000 | 30 | 67 | 99 | 118 | 137 |
47,000 | 48,000 | 31 | 69 | 102 | 123 | 141 |
48,000 | 49,000 | 32 | 71 | 106 | 126 | 146 |
49,000 | 50,000 | 33 | 73 | 109 | 130 | 151 |
50,000 | 51,000 | 34 | 76 | 112 | 134 | 155 |
51,000 | 52,000 | 35 | 78 | 115 | 138 | 160 |
52,000 | 53,000 | 36 | 80 | 118 | 143 | 164 |
53,000 | 54,000 | 37 | 82 | 122 | 146 | 169 |
54,000 | 55,000 | 38 | 84 | 125 | 150 | 173 |
55,000 | 56,000 | 39 | 87 | 128 | 154 | 177 |
56,000 | 57,000 | 40 | 89 | 131 | 158 | 182 |
57,000 | 58,000 | 41 | 91 | 135 | 162 | 186 |
58,000 | 59,000 | 42 | 93 | 138 | 166 | 191 |
59,000 | 60,000 | 43 | 95 | 142 | 169 | 196 |
60,000 | 62,000 | 45 | 99 | 146 | 175 | 203 |
62,000 | 64,000 | 47 | 103 | 153 | 183 | 212 |
64,000 | 66,000 | 49 | 107 | 160 | 191 | 221 |
66,000 | 68,000 | 51 | 112 | 166 | 199 | 229 |
68,000 | 70,000 | 53 | 116 | 173 | 206 | 239 |
70,000 | 72,000 | 55 | 121 | 179 | 214 | 248 |
72,000 | 74,000 | 57 | 125 | 186 | 222 | 257 |
74,000 | 76,000 | 59 | 129 | 192 | 231 | 266 |
76,000 | 78,000 | 61 | 134 | 198 | 239 | 275 |
78,000 | 80,000 | 63 | 138 | 205 | 246 | 285 |
80,000 | 85,000 | 66 | 146 | 217 | 260 | 300 |
85,000 | 90,000 | 71 | 157 | 233 | 280 | 322 |
90,000 | 95,000 | 76 | 168 | 250 | 299 | 345 |
95,000 | 100,000 | 81 | 179 | 266 | 319 | 368 |
100,000 | 110,000 | 89 | 196 | 290 | 348 | 402 |
110,000 | 120,000 | 99 | 218 | 323 | 387 | 447 |
120,000 | 130,000 | 109 | 240 | 355 | 427 | 493 |
130,000 | 140,000 | 119 | 262 | 388 | 466 | 538 |
140,000 | 150,000 | 129 | 284 | 421 | 505 | 583 |
150,000 | 160,000 | 139 | 306 | 454 | 544 | 629 |
160,000 | 170,000 | 149 | 328 | 487 | 583 | 674 |
170,000 | 180,000 | 159 | 350 | 519 | 623 | 719 |
180,000 | 190,000 | 169 | 372 | 552 | 662 | 765 |
190,000 | 200,000 | 179 | 394 | 585 | 701 | 810 |
200,000 | 210,000 | 189 | 416 | 618 | 740 | 856 |
210,000 | 220,000 | 199 | 438 | 651 | 779 | 901 |
220,000 | 230,000 | 209 | 460 | 683 | 819 | 946 |
230,000 | 240,000 | 219 | 482 | 716 | 858 | 992 |
240,000 | And up | 229 | 504 | 749 | 897 | 1,037 |
TABLE 7. DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES PLACED IN SERVICE IN CALENDAR YEAR 2010 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES | |
Tax Year | Amount |
1st Tax Year | $11,060 |
2nd Tax Year | $4,900 |
3rd Tax Year | $2,950 |
Each Succeeding Year | $1,775 |
TABLE 8. DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2010 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES | |
Tax Year | Amount |
1st Tax Year | $11,160 |
2nd Tax Year | $5,100 |
3rd Tax Year | $3,050 |
Each Succeeding Year | $1,875 |
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