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Hi My name's Lane ... I can help you with this.
I have a law degree, with electives in Tax Law, Estate law, Corporate law, and business planning … an MBA, with specialization in finance a BBA, and CFP & CRPS designations, as well - I’ve been providing financial, Social Security/Medicare, estate, corporate, non-profit, and tax advice, since 1986.
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The IRS lets you depreciate cars over a five-year period. You can opt to use straight-line depreciation, which would write off 20 percent of the car's cost basis each year.
However, you're generally limited to writing off no more than the Section 280F limit of $23,760 over six years.
There's another however, however;. Depending on the growss vehicle rate (IF you have the business income to use it AGAINST) you may be able to accelerate all of that depreciation in the fie first year you pace the vehicle in service (IRC § 179)
You can read more about the section 179 deduction here: