2022 IRS Bonus Depreciation Limits for Passenger Vehicles

March 26, 2022

IRS Rev Proc 2022-17 announced the inflation adjusted limitation of $19,200 (2021 $18,200, 2020 - $18,000) for Sec. 168(k) bonus depreciation for passenger vehicles.  The change is not entirely in line when the article also point to Feb 2022 statistics that car prices have gone up over 40% and 12% for used and new cars, but can be useful.

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Auto depreciation limits leap with inflation (thetaxadviser.com)