Client Center
Depreciation Limitations |
||||
| 2011 | 2010 | 2009 | 2008 | |
|---|---|---|---|---|
After: |
12/31/10 |
12/31/09 |
12/31/08 |
12/31/07 |
But before: |
01/01/12 |
01/01/11 |
01/01/10 |
01/01/09 |
| MAXIMUM DEDUCTION - CARS: | ||||
1st Tax Year |
3,060/ ***11,060 |
3,060 ***11,060 |
2,860/ ***10,960 |
2,960/ ***10,960 |
2nd Tax Year |
4,900 |
4,900 |
4,800 |
4,800 |
3rd Tax Year |
2,950 |
2,950 |
2,850 |
2,850 |
Each Yr+ |
1,775 |
1,775 |
1,775 |
1,775 |
| *** 50% bonus/100% - 1/1/08 to 12/31/12 (IA did not couple) | ||||
| MAXIMUM DEDUCTION - LIGHT TRUCKS, VANS AND SUV'S | ||||
1st Tax Year |
3,260/ ***11,260 |
3,160 ***11,160 |
3,060/ ***11,060 |
3,160/ ***11,160 |
2nd Tax Year
| 5,200 |
5,100 |
4,900 |
5,100 |
3rd Tax Year
| 3,150 |
3,050 |
2,950 |
3,050 |
Each Yr+
| 1,875 |
1,875 |
1,775 |
1,875 |
| *** 50% bonus/100% - 1/1/08 to 12/31/12 (IA did not couple) | ||||
SEC 179 AMOUNTS: |
500,000 |
500,000 |
250,000 |
250,000 |
Iowa
| 500,000 |
500,000 |
133,000 |
250,000 |
