The IRS has released Revenue Procedure 2019-26 which provides the limitation on depreciation for passenger automobiles first placed in service in 2019 under §280F, as well as the amounts required to be included in income by lessees of passenger automobiles first leased in 2019.

Three tables are included in the Revenue Procedure. The first one covers passenger automobiles acquired before September 28, 2017 and placed in service in 2019 for which bonus depreciation under IRC §168(k) applies. The limitations for those cars are:

Tax Year	Amount
1st Tax Year	$ 14,900
2nd Tax Year	$ 16,100
3rd Tax Year	$ 9,700
Each succeeding tax year	$ 5,760

The second table covers passenger automobiles acquired after September 27, 2017 and placed in service in 2019 for which bonus depreciation under IRC §168(k) applies:

Tax Year	Amount
1st Tax Year	$ 18,100
2nd Tax Year	$ 16,100
3rd Tax Year	$ 9,700
Each succeeding tax year	$ 5,760

The third table is for passenger automobiles for which §168(k) does not apply placed in service in 2019:

Tax Year	Amount
1st Tax Year	$ 10,100
2nd Tax Year	$ 16,100
3rd Tax Year	$ 9,700
Each succeeding tax year	$ 5,760

As well, the updated table for the lease inclusion amount for automobiles with a lease term beginning in 2019 is found in this Revenue Procedure.