The IRS has released
Depreciation limitations for passenger automobiles that are not trucks or vans placed in service in calendar year 2013 for which the Section 168(k) additional first-year depreciation deduction applies are $11,160 for the first tax year, $5,100 for the second tax year, $3,050 for the third tax year, and $1,875 for each succeeding year.
These depreciation deduction limitations and income inclusion amounts are updated annually pursuant to Section 280F to reflect the automobile price inflation adjustments.
Procedure 2013-21 will be published in Internal Revenue Bulletin 2013-12 on March 18.