2009 Luxury Auto Depreciation Limits, Tables and Explanations
Tax law considers vehicles costing more than about $15,000 luxuries.
To make sure you are not getting more than your fair share of deductions on your vehicles, the law limits the amount you can deduct for depreciation and Section 179 expensing of your car, truck or van (your airplane suffers no such indignity).
You can escape the luxury limits with certain more than 6,000 pound gross-vehicle-weight-rated vehicles (GVWR).
The maximum amount you can deduct each year depends on the year you place the car in service. The 2009 luxury vehicle tables appear below.1 The tables show
Limitations on depreciation deductions for owners of passenger autos, trucks and vans first placed in service by the taxpayer in 2009, and
The amounts to be included in income by lessees of passenger autos, trucks and vans first leased by the taxpayer in 2009.
To stay on top 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 | |
Luxury Depreciation Limit for USED Passenger Autos (not Trucks or Vans) Placed in Service in Calendar Year 2009 | |
Tax Year | Amount |
1st Tax Year | $2,960 |
2nd Tax Year | $4,800 |
3rd Tax Year | $2,850 |
Each Succeeding Year | $1,775 |
TABLE 2 | |
Luxury Depreciation Limit for NEW Passenger Autos (not Trucks or Vans) Placed in Service in Calendar Year 2009 | |
Tax Year | Amount |
1st Tax Year | $10,960 |
2nd Tax Year | $4,800 |
3rd Tax Year | $2,850 |
Each Succeeding Year | $1,775 |
TABLE 3 | |
Luxury Depreciation Limit for USED Trucks and Vans Placed in Service in Calendar Year 2009 | |
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 | |
Luxury Depreciation Limit for NEW Trucks and Vans Placed in Service in Calendar Year 2009 | |
Tax Year | Amount |
1st Tax Year | $11,060 |
2nd Tax Year | $4,900 |
3rd Tax Year | $2,950 |
Each Succeeding Year | $1,775 |
2009 Auto Depreciation Tables for Leased Autos
If you lease a vehicle, the annual deduction for lease payments must be reduced according to the tables below to take into account the limitations placed on depreciation deductions.
TABLE 5 | ||||||
Dollar Amounts for Passenger Automobiles (not Trucks or Vans) with a Lease Term Beginning in Calendar Year 2009 | ||||||
Fair Market Value of Passenger Automobile | Tax Year During Lease | |||||
Over | Not Over | 1st | 2nd | 3rd | 4th | 5th & later |
$18,500 | $19,000 | 9 | 19 | 28 | 34 | 38 |
19,000 | 19,500 | 10 | 21 | 32 | 38 | 43 |
19,500 | 20,000 | 11 | 24 | 36 | 42 | 48 |
20,000 | 20,500 | 12 | 27 | 39 | 46 | 54 |
20,500 | 21,000 | 13 | 29 | 43 | 51 | 58 |
21,000 | 21,500 | 15 | 31 | 47 | 55 | 64 |
21,500 | 22,000 | 16 | 34 | 50 | 60 | 68 |
22,000 | 23,000 | 17 | 38 | 56 | 66 | 76 |
23,000 | 24,000 | 20 | 42 | 64 | 75 | 86 |
24,000 | 25,000 | 22 | 47 | 71 | 84 | 96 |
25,000 | 26,000 | 24 | 52 | 78 | 93 | 107 |
26,000 | 27,000 | 26 | 58 | 85 | 101 | 117 |
27,000 | 28,000 | 29 | 62 | 93 | 110 | 127 |
28,000 | 29,000 | 31 | 67 | 100 | 119 | 138 |
29,000 | 30,000 | 33 | 72 | 108 | 128 | 147 |
30,000 | 31,000 | 35 | 77 | 115 | 137 | 157 |
31,000 | 32,000 | 38 | 82 | 122 | 146 | 167 |
32,000 | 33,000 | 40 | 87 | 129 | 155 | 178 |
33,000 | 34,000 | 42 | 92 | 137 | 163 | 188 |
34,000 | 35,000 | 44 | 97 | 144 | 172 | 199 |
35,000 | 36,000 | 47 | 102 | 151 | 181 | 208 |
36,000 | 37,000 | 49 | 107 | 159 | 189 | 219 |
37,000 | 38,000 | 51 | 112 | 166 | 199 | 228 |
38,000 | 39,000 | 53 | 117 | 173 | 208 | 239 |
39,000 | 40,000 | 56 | 122 | 180 | 216 | 250 |
40,000 | 41,000 | 58 | 127 | 188 | 225 | 259 |
41,000 | 42,000 | 60 | 132 | 195 | 234 | 269 |
42,000 | 43,000 | 62 | 137 | 203 | 242 | 280 |
43,000 | 44,000 | 65 | 141 | 210 | 252 | 290 |
44,000 | 45,000 | 67 | 146 | 218 | 260 | 300 |
45,000 | 46,000 | 69 | 151 | 225 | 269 | 311 |
46,000 | 47,000 | 71 | 157 | 232 | 278 | 320 |
47,000 | 48,000 | 74 | 161 | 240 | 286 | 331 |
48,000 | 49,000 | 76 | 166 | 247 | 296 | 340 |
49,000 | 50,000 | 78 | 171 | 255 | 304 | 351 |
50,000 | 51,000 | 80 | 176 | 262 | 313 | 361 |
51,000 | 52,000 | 83 | 181 | 269 | 322 | 371 |
52,000 | 53,000 | 85 | 186 | 276 | 331 | 381 |
53,000 | 54,000 | 87 | 191 | 284 | 339 | 392 |
54,000 | 55,000 | 89 | 196 | 291 | 349 | 401 |
55,000 | 56,000 | 92 | 201 | 298 | 357 | 412 |
56,000 | 57,000 | 94 | 206 | 306 | 365 | 423 |
57,000 | 58,000 | 96 | 211 | 313 | 375 | 432 |
58,000 | 59,000 | 98 | 216 | 320 | 384 | 442 |
59,000 | 60,000 | 101 | 221 | 327 | 393 | 452 |
60,000 | 62,000 | 104 | 228 | 339 | 406 | 467 |
62,000 | 64,000 | 109 | 238 | 353 | 424 | 488 |
64,000 | 66,000 | 113 | 248 | 368 | 441 | 509 |
66,000 | 68,000 | 118 | 258 | 382 | 459 | 529 |
68,000 | 70,000 | 122 | 268 | 397 | 476 | 550 |
70,000 | 72,000 | 127 | 277 | 413 | 493 | 570 |
72,000 | 74,000 | 131 | 288 | 427 | 511 | 590 |
74,000 | 76,000 | 136 | 297 | 442 | 529 | 610 |
76,000 | 78,000 | 140 | 307 | 457 | 546 | 631 |
78,000 | 80,000 | 145 | 317 | 471 | 564 | 651 |
80,000 | 85,000 | 152 | 335 | 497 | 595 | 686 |
85,000 | 90,000 | 164 | 359 | 534 | 639 | 737 |
90,000 | 95,000 | 175 | 384 | 570 | 683 | 789 |
95,000 | 100,000 | 186 | 409 | 607 | 727 | 839 |
100,000 | 110,000 | 203 | 446 | 662 | 793 | 916 |
110,000 | 120,000 | 226 | 495 | 736 | 881 | 1,018 |
120,000 | 130,000 | 248 | 545 | 809 | 970 | 1,119 |
130,000 | 140,000 | 271 | 594 | 883 | 1,058 | 1,220 |
140,000 | 150,000 | 293 | 644 | 956 | 1,146 | 1,322 |
150,000 | 160,000 | 316 | 693 | 1,030 | 1,234 | 1,424 |
160,000 | 170,000 | 338 | 743 | 1,103 | 1,322 | 1,526 |
170,000 | 180,000 | 361 | 792 | 1,177 | 1,410 | 1,628 |
180,000 | 190,000 | 383 | 842 | 1,250 | 1,498 | 1,730 |
190,000 | 200,000 | 406 | 891 | 1,324 | 1,586 | 1,831 |
200,000 | 210,000 | 428 | 941 | 1,397 | 1,675 | 1,932 |
210,000 | 220,000 | 451 | 990 | 1,471 | 1,762 | 2,035 |
220,000 | 230,000 | 473 | 1,040 | 1,544 | 1,851 | 2,136 |
230,000 | 240,000 | 496 | 1,089 | 1,618 | 1,939 | 2,238 |
240,000 | And up | 518 | 1,139 | 1,691 | 2,027 | 2,340 |
TABLE 6 | ||||||
Dollar Amounts for Trucks and Vans with a Lease Term Beginning in Calendar Year 2009 | ||||||
Fair Market Value of Truck or Van | Tax Year During Lease | |||||
Over | Not Over | 1st | 2nd | 3rd | 4th | 5th & later |
$18,500 | $19,000 | 8 | 17 | 25 | 30 | 35 |
19,000 | 19,500 | 9 | 19 | 29 | 35 | 40 |
19,500 | 20,000 | 10 | 22 | 33 | 38 | 45 |
20,000 | 20,500 | 11 | 25 | 36 | 43 | 50 |
20,500 | 21,000 | 12 | 27 | 40 | 48 | 55 |
21,000 | 21,500 | 13 | 30 | 43 | 52 | 60 |
21,500 | 22,000 | 15 | 32 | 47 | 56 | 66 |
22,000 | 23,000 | 16 | 36 | 52 | 64 | 72 |
23,000 | 24,000 | 18 | 41 | 60 | 72 | 83 |
24,000 | 25,000 | 21 | 45 | 68 | 81 | 93 |
25,000 | 26,000 | 23 | 50 | 75 | 90 | 103 |
26,000 | 27,000 | 25 | 56 | 82 | 98 | 114 |
27,000 | 28,000 | 27 | 61 | 89 | 107 | 124 |
28,000 | 29,000 | 30 | 65 | 97 | 116 | 134 |
29,000 | 30,000 | 32 | 70 | 104 | 125 | 144 |
30,000 | 31,000 | 34 | 75 | 112 | 134 | 154 |
31,000 | 32,000 | 36 | 80 | 119 | 143 | 164 |
32,000 | 33,000 | 39 | 85 | 126 | 151 | 175 |
33,000 | 34,000 | 41 | 90 | 134 | 160 | 184 |
34,000 | 35,000 | 43 | 95 | 141 | 169 | 195 |
35,000 | 36,000 | 45 | 100 | 148 | 178 | 205 |
36,000 | 37,000 | 48 | 105 | 155 | 187 | 215 |
37,000 | 38,000 | 50 | 110 | 163 | 195 | 226 |
38,000 | 39,000 | 52 | 115 | 170 | 204 | 236 |
39,000 | 40,000 | 55 | 120 | 177 | 213 | 246 |
40,000 | 41,000 | 57 | 125 | 185 | 221 | 256 |
41,000 | 42,000 | 59 | 130 | 192 | 231 | 266 |
42,000 | 43,000 | 61 | 135 | 199 | 240 | 276 |
43,000 | 44,000 | 64 | 139 | 207 | 249 | 286 |
44,000 | 45,000 | 66 | 144 | 215 | 257 | 296 |
45,000 | 46,000 | 68 | 149 | 222 | 266 | 307 |
46,000 | 47,000 | 70 | 155 | 229 | 274 | 317 |
47,000 | 48,000 | 73 | 159 | 237 | 283 | 327 |
48,000 | 49,000 | 75 | 164 | 244 | 292 | 338 |
49,000 | 50,000 | 77 | 169 | 251 | 301 | 348 |
50,000 | 51,000 | 79 | 174 | 259 | 310 | 357 |
51,000 | 52,000 | 82 | 179 | 266 | 318 | 368 |
52,000 | 53,000 | 84 | 184 | 273 | 328 | 378 |
53,000 | 54,000 | 86 | 189 | 281 | 336 | 388 |
54,000 | 55,000 | 88 | 194 | 288 | 345 | 399 |
55,000 | 56,000 | 91 | 199 | 295 | 354 | 408 |
56,000 | 57,000 | 93 | 204 | 302 | 363 | 419 |
57,000 | 58,000 | 95 | 209 | 310 | 371 | 429 |
58,000 | 59,000 | 97 | 214 | 317 | 381 | 439 |
59,000 | 60,000 | 100 | 219 | 324 | 389 | 450 |
60,000 | 62,000 | 103 | 226 | 336 | 402 | 465 |
62,000 | 64,000 | 107 | 236 | 351 | 420 | 485 |
64,000 | 66,000 | 112 | 246 | 365 | 438 | 505 |
66,000 | 68,000 | 116 | 256 | 380 | 455 | 526 |
68,000 | 70,000 | 121 | 266 | 394 | 473 | 546 |
70,000 | 72,000 | 125 | 276 | 409 | 491 | 566 |
72,000 | 74,000 | 130 | 286 | 423 | 509 | 586 |
74,000 | 76,000 | 134 | 296 | 438 | 526 | 607 |
76,000 | 78,000 | 139 | 305 | 454 | 543 | 627 |
78,000 | 80,000 | 143 | 316 | 467 | 561 | 648 |
80,000 | 85,000 | 151 | 333 | 493 | 592 | 684 |
85,000 | 90,000 | 163 | 357 | 531 | 635 | 735 |
90,000 | 95,000 | 174 | 382 | 567 | 680 | 785 |
95,000 | 100,000 | 185 | 407 | 604 | 724 | 836 |
100,000 | 110,000 | 202 | 444 | 659 | 790 | 912 |
110,000 | 120,000 | 225 | 493 | 733 | 878 | 1,014 |
120,000 | 130,000 | 247 | 543 | 806 | 966 | 1,116 |
130,000 | 140,000 | 270 | 592 | 880 | 1,054 | 1,218 |
140,000 | 150,000 | 292 | 642 | 953 | 1,143 | 1,319 |
150,000 | 160,000 | 315 | 691 | 1,027 | 1,230 | 1,421 |
160,000 | 170,000 | 337 | 741 | 1,100 | 1,319 | 1,522 |
170,000 | 180,000 | 360 | 790 | 1,174 | 1,407 | 1,624 |
180,000 | 190,000 | 382 | 840 | 1,247 | 1,495 | 1,726 |
190,000 | 200,000 | 405 | 889 | 1,321 | 1,583 | 1,828 |
200,000 | 210,000 | 427 | 939 | 1,394 | 1,671 | 1,930 |
210,000 | 220,000 | 450 | 988 | 1,468 | 1,759 | 2,031 |
220,000 | 230,000 | 472 | 1,038 | 1,541 | 1,847 | 2,134 |
230,000 | 240,000 | 495 | 1,087 | 1,615 | 1,935 | 2,235 |
240,000 | and up | 517 | 1,137 | 1,688 | 2,024 | 2,336 |
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