Maximize Your Deductions: Auto Depreciation Limits Have Increased
Reading Time: < 1 minutes The IRS has released the Section 280F depreciation deduction limits for passenger automobiles – including trucks and vans – first placed into service in 2023. For the second year in a row, the IRS released significantly higher limits for taxpayers. For passenger autos acquired after 9/27/17, placed in service during …
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