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2018 auto depreciation limits

The Tax Cuts and Jobs Act changed the auto depreciation dollar limitation amounts. California does not conform to the new federal limitations. For automobiles placed in service in 2018, the California dollar limitations are:

California auto depreciation limits
  1st tax year 2nd tax year 3rd tax year Succeeding years
Passenger automobiles $3,160 $5,000 $2,950 $1,775
Trucks and vans $3,560 $5,700 $3,350 $2,075

California also does not conform to the changes to the auto lease inclusion amounts made by the TCJA. For California’s lease inclusion amounts for the 2018 taxable year, see: www.ftb.ca.gov/forms/2018/lease-inclusion-indexing.pdf