2012 first year depreciation for non heavy duty vehicles

First year depreciation for passenger automobiles, light truck, and vans (over 6000# plus misc. other requirements = not considered light) is more strictly limited than that of other vehicles. For automobiles placed in service during 2012 the maximum for new vehicles is $11,160, used $3160. For light trucks and vans $11,360 if new and $3360 if used. The IRS requires a small inclusion in income for leased vehicles. The 2012 lease inclusion tables may be found here:

http://www.irs.gov/pub/irs-drop/rp-12-23.pdf