Chart of Depreciation Expense

2022 and 2023 Depreciation Rules

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  Federal California
  2022 2023 2022 2023
Sec 179 expense election 1,080,000 TBD 25,000 TBD
Purchase phase out limit for Sec 179 2,700,000 TBD 200,000 TBD
Sec 179 for Qualified Improvement Property (non-residential only) 1,080,000 TBD N/A TBD
Sec 179 limit for SUVs greater than 6,000 lbs 27,000 28,900 25,000 TBD
Bonus Depreciation - New & Used Assets (Including SUV greater than 6,000 lbs) 100% 80% 0 0
Autos Less Than 6,000 lbs - 1st Year Depreciation including Bonus Depreciation 19,200 TBD 3,160 TBD
Trucks Less Than 6,000 lbs - 1st Year Depreciation Including Bonus Depreciation 19,200 TBD 3,560 TBD
Qualified Improvement Property depreciated over 15 years and is also eligible for 100% bonus depreciation depreciated over 15 years and is also eligible for 100% bonus depreciation 39 year recovery period 39 year recovery period
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