If you purchased a car after September 10, 2001, for use in your business (or as an employee) and figure your deductible expenses using the actual car expense method, new law contains provisions that may affect your depreciation deduction for that car.

Publication 463, Travel, Entertainment, Gift, and Car Expenses, contains information on figuring depreciation on your car. However, Publication 463 does not contain the new provisions because it was printed before the law was enacted. The new provisions are in the Supplement to Publication 463, which is reprinted below.

Supplement to Publication 463
Travel, Entertainment, Gift, and Car Expenses

• Introduction
• Depreciation of Car
• Amended Return
• Election Not To Claim Special Allowance

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