Automobile depreciation limits for 2017 | KPMG | GLOBAL

Rev. Proc. 2017-29: Automobile depreciation limits for 2017

Automobile depreciation limits for 2017

The IRS today released an advance version of Rev. Proc. 2017-29—an annual revenue procedure providing:


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  • The annual depreciation limitations for passenger automobiles first placed in service in calendar year 2017
  • The annual depreciation limits for trucks and vans first placed in service in 2017
  • The lease inclusion amounts for automobiles first leased in 2017 (as well as amounts for trucks and vans first leased in 2017)

These amounts are provided in table format in Rev. Proc. 2017-29 [PDF 88 KB]

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