Tax Tables

Confused about the ever changing tax laws?

The tables below detail the tax information that directly relates to business use vehicles. Everyone’s situation is different, so please check with your tax professional for details. Also please check out our business aspects of leasing section for more details on the tax aspects of leasing.

IRS Standard Mileage Rates
Listed below is the per mile rate that the government allows for reimbursement of business use of personal automobiles. Please note the the government is using two different rates for 2011. The only other time this was done was in 2005 and 2008.

2018	54.5 cents
2017	53.5 cents
2016	54 cents
2015	57.5 cents
2014	56 cents
2013	56.5 cents
2012	55.5 cents
July 2011 – Dec 2011	55.5 cents
Jan 2011 – June 2011	51 cents
2010	50 cents
2009	55 cents
July 2008 – Dec 2008	58.5 cents
Jan 2008 – June 2008	50.5 cents
2007	48.5 cents
2006	44.5 cents
Sept 2005 – Dec 2005	48.5 cents
Jan 2005 – Aug 2005	40.5 cents
2004	37.5 cents
2003	36 cents
2002	36.5 cents

Depreciation Adjustment for Standard Mileage Rate
The IRS Standard Mileage Rates above include a component for depreciation. Even when you use the standard mileage rate, you need to calculate the gain or loss when the vehicle is disposed of.
This table lists the adjustment for each year since 1988.

Depreciation Tables
Depreciation of vehicles has been complicated by the luxury tax rules and the recent creation of the truck category. These tables give depreciation percentages and limits for all types of vehicles.

2018 Depreciation Table
2017 Depreciation Table
2016 Depreciation Table
2015 Depreciation Table
2014 Depreciation Table
2013 Depreciation Table
2012 Depreciation Table
2011 Depreciation Table
2010 Depreciation Table
2009 Depreciation Table
2008 Depreciation Table
2007 Depreciation Table
2006 Depreciation Table
2005 Depreciation Table
2004 Depreciation Table
2003 (After May 5th)
2003 (Prior to May 6th)

Section 179 Limitations
In addition to regular depreciation, the government allows the expensing of new assets under section 179. For vehicles subject to the luxury car limitations (under 6,000 lb), section 179 is included in the depreciation limits. Vehicles not subject to the luxury car limitations follow the same rules for Section 179 as any other qualifying asset. In late 2004, the government limited the Section 179 expense for over 6,000 lb. SUVs to $25,000.

2018	$1,000,000 (SUV $25,000)
2017	$500,000 (SUV $25,000)
2016	$500,000 (SUV $25,000)
2015	$500,000 (SUV $25,000)
2014	$500,000 (SUV $25,000)
2013	$500,000 (SUV $25,000)
2012	$500,000 (SUV $25,000)
2011	$500,000 (SUV $25,000)
2010	$500,000 (SUV $25,000)
2009	$250,000 (SUV $25,000)
2008	$250,000 (SUV $25,000)
2007	$125,000 (SUV $25,000)
2006	$108,000 (SUV $25,000)
2005	$105,000 (SUV $25,000)
2004	$102,000 (SUV $25,000 after 10/21/04)
2003	$100,000
2002	$24,000

IRS Annual Lease Value Table
This table is used to determine the amount that is added to an Employee’s W2 for personal use of a company owned vehicle.
Lease Value Table

Cents-Per-Mile Rule Limitations
You cannot use the cents-per-mile rule for calculating the W2 value for the personal use of a company owned vehicle if its value when you first made it available to any employee for personal reasons is more than an amount determined by the IRS as the maximum automobile value for the year.
This table lists the maximums since 1990

Lease Inclusion Tables
The lease inclusion table is the government’s attempt to equalize the write-off between purchasing and leasing an under 6,000 lb passenger vehicle. The entire lease payment, less the inclusion amount, is deductible.