U.S. IRS Issues Revenue Procedure on Depreciation Tables for Passenger Automobiles
|Approved Changes|United States

The U.S. IRS has issued Revenue Procedure 2026-15 on the depreciation tables for passenger automobiles in 2026. Revenue Procedure 2026-25 provides:
- Two tables of limitations on depreciation deductions for owners of passenger automobiles placed in service by the taxpayer during calendar year 2026; and
- A table of dollar amounts that must be used to determine income inclusions by lessees of pas…