Revenue Procedure 2009-24 provides the depreciation deduction limitations for owners of passenger automobiles first placed in service during calendar year 2009 and amounts to be included in income by lessees of passenger automobiles first leased during calendar year 2009. The revenue procedure includes tables detailing these depreciation limitations and lessee inclusion amounts that reflect the automobile price inflation adjustments required by § 280F(d)(7) of the Internal Revenue Code.
Revenue Procedure 2009-24 will be in IRB 2009-17, dated April 27, 2009.
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