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KPMG has market-leading alliances with many of the world's leading software and services vendors.
View all AlliancesHelping clients meet their business challenges begins with an in-depth understanding of the industries in which they work. That’s why KPMG LLP established its industry-driven structure. In fact, KPMG LLP was the first of the Big Four firms to organize itself along the same industry lines as clients.
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Learn moreWhat is culture? Culture is how we do things around here. It is the combination of a predominant mindset, actions (both big and small) that we all commit to every day, and the underlying processes, programs and systems supporting how work gets done.
Learn moreSection 280F limitations are required to be adjusted for inflation for automobiles placed in service after 2018
The IRS today released Rev. Proc. 2025-16 which provides the annual depreciation deduction limitations under section 280F for passenger automobiles (including trucks and vans) placed in service in 2025. The section 280F limitations are required to be adjusted for inflation for automobiles placed in service after 2018.
Rev. Proc. 2025-16 also provides the dollar amounts that must be used to determine income inclusions by lessees of passenger automobiles first leased in 2025.
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