2013 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 2013 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 2013,

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 2013 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

TABLE 2. DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION APPLIES
Tax Year	Amount
1st Tax Year	$11,360
2nd Tax Year	$5,400
3rd Tax Year	$3,250
Each Succeeding Year	$1,975

TABLE 3. DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY
Tax Year	Amount
1st Tax Year	$3,160
2nd Tax Year	$5,100
3rd Tax Year	$3,050
Each Succeeding Year	$1,875

TABLE 4. DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS PLACED IN SERVICE IN CALENDAR YEAR 2013 FOR WHICH THE § 168(k) ADDITIONAL FIRST YEAR DEPRECIATION DEDUCTION DOES NOT APPLY
Tax Year	Amount
1st Tax Year	$3,360
2nd Tax Year	$5,400
3rd Tax Year	$3,250
Each Succeeding Year	$1,975

TABLE 5. DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013
Fair Market Value of Passenger Automobile		Tax Year During Lease
Over	Not Over	1st	2nd	3rd	4th	5th & later
$19,000	$19,500	2	4	6	7	8
19,500	20,000	2	5	6	9	9
20,000	20,500	2	5	8	9	11
20,500	21,000	3	6	8	10	12
21,000	21,500	3	6	10	11	13
21,500	22,000	3	7	10	13	14
22,000	23,000	4	8	11	14	16
23,000	24,000	4	9	14	16	18
24,000	25,000	5	10	15	18	21
25,000	26,000	5	12	16	21	23
26,000	27,000	6	12	19	23	25
27,000	28,000	6	14	20	25	28
28,000	29,000	7	15	22	27	30
29,000	30,000	7	16	24	29	33
30,000	31,000	8	17	26	31	35
31,000	32,000	8	19	27	33	38
32,000	33,000	9	20	29	35	40
33,000	34,000	10	21	31	37	43
34,000	35,000	10	22	33	39	45
35,000	36,000	11	23	35	41	48
36,000	37,000	11	25	36	43	50
37,000	38,000	12	26	38	45	53
38,000	39,000	12	27	40	47	55
39,000	40,000	13	28	42	49	58
40,000	41,000	13	29	44	52	59
41,000	42,000	14	30	45	54	63
42,000	43,000	14	32	47	56	64
43,000	44,000	15	33	48	59	67
44,000	45,000	15	34	51	60	69
45,000	46,000	16	35	52	63	72
46,000	47,000	17	36	54	65	74
47,000	48,000	17	38	55	67	77
48,000	49,000	18	39	57	69	79
49,000	50,000	18	40	59	71	82
50,000	51,000	19	41	61	73	84
51,000	52,000	19	42	63	75	87
52,000	53,000	20	43	65	77	89
53,000	54,000	20	45	66	79	92
54,000	55,000	21	46	68	81	94
55,000	56,000	21	47	70	84	96
56,000	57,000	22	48	72	85	99
57,000	58,000	22	50	73	88	101
58,000	59,000	23	51	75	90	103
59,000	60,000	24	52	76	92	106
60,000	62,000	24	54	79	95	110
62,000	64,000	25	56	83	99	115
64,000	66,000	27	58	87	103	120
66,000	68,000	28	60	90	108	125
68,000	70,000	29	63	93	112	130
70,000	72,000	30	65	97	117	134
72,000	74,000	31	68	100	121	139
74,000	76,000	32	70	104	125	144
76,000	78,000	33	73	107	129	149
78,000	80,000	34	75	111	133	154
80,000	85,000	36	79	117	141	162
85,000	90,000	39	85	126	151	174
90,000	95,000	41	91	135	162	186
95,000	100,000	44	97	144	172	199
100,000	110,000	48	106	157	188	217
110,000	120,000	53	118	174	210	241
120,000	130,000	59	129	193	230	266
130,000	140,000	64	141	210	252	290
140,000	150,000	70	153	227	273	315
150,000	160,000	75	165	245	294	339
160,000	170,000	80	177	263	315	363
170,000	180,000	86	189	280	336	388
180,000	190,000	91	201	298	357	412
190,000	200,000	97	212	316	378	436
200,000	210,000	102	224	333	400	461
210,000	220,000	107	236	351	420	486
220,000	230,000	113	248	368	442	509
230,000	240,000	118	260	386	463	534
240,000	And up	124	272	403	484	558

TABLE 6. DOLLAR AMOUNTS FOR TRUCKS AND VANS WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2013
Fair Market Value of Truck or Van		Tax Year During Lease
Over	Not Over	1st	2nd	3rd	4th	5th & later
$19,000	$19,500	1	3	4	5	6
19,500	20,000	2	3	5	6	7
20,000	20,500	2	4	6	7	8
20,500	21,000	2	5	7	8	9
21,000	21,500	2	5	8	9	11
21,500	22,000	3	6	8	10	12
22,000	23,000	3	7	10	11	14
23,000	24,000	4	8	11	14	16
24,000	25,000	4	9	14	16	18
25,000	26,000	5	10	15	18	21
26,000	27,000	5	12	17	20	23
27,000	28,000	6	13	18	23	25
28,000	29,000	6	14	20	25	28
29,000	30,000	7	15	22	27	30
30,000	31,000	7	16	24	29	33
31,000	32,000	8	17	26	31	35
32,000	33,000	8	19	27	33	38
33,000	34,000	9	20	29	35	41
34,000	35,000	10	21	31	37	43
35,000	36,000	10	22	33	39	46
36,000	37,000	11	23	35	41	48
37,000	38,000	11	25	36	43	51
38,000	39,000	12	26	38	45	53
39,000	40,000	12	27	40	48	55
40,000	41,000	13	28	42	49	58
41,000	42,000	13	29	44	52	60
42,000	43,000	14	30	46	54	62
43,000	44,000	14	32	47	56	65
44,000	45,000	15	33	48	59	67
45,000	46,000	15	34	51	60	70
46,000	47,000	16	35	52	63	72
47,000	48,000	17	36	54	65	74
48,000	49,000	17	38	55	67	77
49,000	50,000	18	39	57	69	79
50,000	51,000	18	40	59	71	82
51,000	52,000	19	41	61	73	84
52,000	53,000	19	42	63	75	87
53,000	54,000	20	43	65	77	89
54,000	55,000	20	45	66	80	91
55,000	56,000	21	46	68	81	94
56,000	57,000	21	47	70	84	96
57,000	58,000	22	48	72	86	98
58,000	59,000	22	50	73	88	101
59,000	60,000	23	51	75	90	103
60,000	62,000	24	52	78	93	108
62,000	64,000	25	55	81	97	113
64,000	66,000	26	57	85	101	118
66,000	68,000	27	60	88	106	122
68,000	70,000	28	62	92	110	127
70,000	72,000	29	64	96	114	132
72,000	74,000	30	67	99	118	137
74,000	76,000	31	69	103	122	142
76,000	78,000	32	72	105	127	147
78,000	80,000	34	73	110	131	151
80,000	85,000	35	78	116	138	160
85,000	90,000	38	84	124	149	172
90,000	95,000	41	90	133	160	184
95,000	100,000	44	95	142	171	196
100,000	110,000	48	104	156	186	214
110,000	120,000	53	116	173	207	240
120,000	130,000	58	128	191	228	264
130,000	140,000	64	140	208	249	288
140,000	150,000	69	152	226	270	313
150,000	160,000	75	164	243	292	336
160,000	170,000	80	176	261	312	361
170,000	180,000	85	188	278	334	386
180,000	190,000	91	199	296	355	410
190,000	200,000	96	211	314	376	434
200,000	210,000	101	223	332	397	459
210,000	220,000	107	235	349	418	483
220,000	230,000	112	247	367	439	507
230,000	240,000	118	259	384	460	532
240,000	And up	123	271	401	482	556

1 Rev. Proc. 2013-21

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2013 Luxury Auto Depreciation Limits, Tables and Explanations