The depreciation for Massachusetts (MA) will be the same as the federal because you used the standard mileage rate (SMR). To calculate the depreciation you will use the information provided. The SMR has a depreciation component as shown below. Multiply your business miles for each year for the rate listed for each year, then add all years results to arrive at the total.
Annual Depreciation Component Breakdown (for more years see the chart in IRS Pub 463)
- 2025: $.33
- 2024: $.30
- 2023: $.28
- 2022: $.26
- 2021: $.26
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