Depreciation Quick-Reference Guide: MACRS Recovery Periods, Luxury Auto Limits & Section 179 Caps (2023–2026)

Author: Robert K Valentine Jr. Depreciation planning runs on a handful of numbers that the IRS updates every year — how long an asset must be depreciated, how much of a luxury vehicle you can write off, and how large a Section 179 deduction you can claim before it starts phasing out. Those numbers are…

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