2012 Auto Depreciation

The IRS has changed the auto depreciation for autos that are put into service during 2012. There is a $100 increase from 2011, the 2012 first-year ceiling is $11,160 for new cars and $3,160 for used cars.  The second- and third-year caps are $5,100 and $3,050. After that, $1,875 a year.