IRS Changes Truck Tire Depreciation Guidelines

The Internal Revenue Service has issued new guidelines for depreciating truck tires, ending a 60-year dispute over how to treat tractor and trailer tires on trucking company tax returns.

The ruling provides for the depreciation of new tires at the same rate as a new vehicle: three years for a tractor and its tires and five years for trailers and their tires.

Tires on large straight trucks can be depreciated over five years.

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