What is the maximum depreciation for 2019 that I can take on a new Lexus (less than 6,000 lbs) used 100% for business ???
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The Tax Cuts and Jobs Act changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017.
If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation deduction is:
If a taxpayer claims 100 percent bonus depreciation, the greatest allowable depreciation deduction limit is:
https://www.irs.gov/newsroom/changes-to-depreciation-limits-on-luxury-automobiles
The Tax Cuts and Jobs Act changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017.
If the taxpayer doesn’t claim bonus depreciation, the greatest allowable depreciation deduction is:
If a taxpayer claims 100 percent bonus depreciation, the greatest allowable depreciation deduction limit is:
https://www.irs.gov/newsroom/changes-to-depreciation-limits-on-luxury-automobiles
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