P. O. Box 19715
Houston, Tx 77224-9715

(713) 621-4700
info@glocpas.com

Annual depreciation and expensing deductions for so-called luxury autos are limited to specific dollar amounts. The dollar limits amounts are inflation-adjusted each year. The IRS has announced that for autos (which includes trucks or vans) acquired and first placed in service during 2019, the dollar limit for the first year an auto is in service

Read More