Changes to Depreciation Limits on Luxury Automobiles
![](https://wffacpa.com/wp-content/uploads/2018/06/060518-Auto-Depreciation-600x401.jpg)
The 2018 tax law changed depreciation limits for passenger vehicles placed in service after Dec. 31, 2017, with the greatest allowable deduction for year one now going up to $18,000 (with bonus depreciation) and $10,000 (without bonus depreciation).