2005 Lease Inclusion Table  - Trucks and Vans

If you lease a vehicle that you use in your business for a lease term of 30 days or more, if the vehicle is subject to the luxury car limitations, you may have to include an inclusion amount in your income for each tax year you lease the vehicle.  To do this, you reduce your deduction for your lease payment by the lease inclusion amount.  The inclusion amount for each year is calculated by finding the appropriate lease inclusion amount from the table below and multiplying it by the percentage business use.  The lease inclusion amount is prorated for partial years of business use.

DOLLAR AMOUNTS FOR Trucks and Vans WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2005 Fair Market Value of Trucks and Vans Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $16,700 $17,000 3 6 8 10 11 $17,000 $17,500 4 10 14 17 20 $17,500 $18,000 7 15 21 26 30 $18,000 $18,500 9 20 29 35 40 $18,500 $19,000 11 25 37 43 51 $19,000 $19,500 14 30 44 52 61 $19,500 $20,000 16 35 51 62 71 $20,000 $20,500 18 40 59 71 81 $20,500 $21,000 20 45 67 79 92 $21,000 $21,500 23 50 74 88 103 $21,500 $22,000 25 55 81 98 113 $22,000 $23,000 28 63 92 111 129 $23,000 $24,000 33 73 107 129 149 $24,000 $25,000 38 83 122 147 169 $25,000 $26,000 42 93 137 165 190 $26,000 $27,000 47 103 152 183 210 $27,000 $28,000 51 113 167 201 231 $28,000 $29,000 56 123 182 218 253 $29,000 $30,000 60 133 197 237 272 $30,000 $31,000 65 143 212 254 294 $31,000 $32,000 70 153 227 272 314 $32,000 $33,000 74 163 242 290 335 $33,000 $34,000 79 173 257 308 355 $34,000 $35,000 83 184 271 326 376 $35,000 $36,000 88 193 287 344 397 $36,000 $37,000 93 203 302 361 418 $37,000 $38,000 97 214 316 380 438 $38,000 $39,000 102 223 332 397 459 $39,000 $40,000 106 234 346 415 480 $40,000 $41,000 111 244 361 433 500 $41,000 $42,000 115 254 376 451 521 $42,000 $43,000 120 264 391 469 542 $43,000 $44,000 125 274 406 487 562 $44,000 $45,000 129 284 421 505 583 $45,000 $46,000 134 294 436 523 603 $46,000 $47,000 138 304 451 541 624 $47,000 $48,000 143 314 466 558 645 $48,000 $49,000 148 324 481 576 666 $49,000 $50,000 152 334 496 594 687 $50,000 $51,000 157 344 511 612 707 $51,000 $52,000 161 355 525 630 728 $52,000 $53,000 166 364 541 648 748 $53,000 $54,000 170 375 555 666 769 $54,000 $55,000 175 385 570 684 789 $55,000 $56,000 180 394 586 701 811 $56,000 $57,000 184 405 600 720 830 $57,000 $58,000 189 415 615 737 852 $58,000 $59,000 193 425 630 755 873 $59,000 $60,000 198 435 645 773 893 $60,000 $62,000 205 450 667 800 924 $62,000 $64,000 214 470 697 836 966 $64,000 $66,000 223 490 727 872 1007 $66,000 $68,000 232 510 757 908 1048 $68,000 $70,000 241 531 786 944 1089 $70,000 $72,000 251 550 817 979 1131 $72,000 $74,000 260 571 846 1015 1172 $74,000 $76,000 269 591 876 1051 1213 $76,000 $78,000 278 611 906 1087 1254 $78,000 $80,000 287 631 936 1123 1296 $80,000 $85,000 303 666 989 1185 1368 $85,000 $90,000 326 717 1063 1274 1472 $90,000 $95,000 349 767 1137 1365 1575 $95,000 $100,000 372 817 1212 1454 1678 $100,000 $110,000 406 893 1324 1588 1833 $110,000 $120,000 452 993 1474 1767 2040 $120,000 $130,000 498 1094 1623 1945 2247 $130,000 $140,000 544 1194 1772 2125 2454 $140,000 $150,000 590 1295 1921 2304 2660 $150,000 $160,000 636 1395 2071 2483 2867 $160,000 $170,000 681 1496 2220 2662 3074 $170,000 $180,000 727 1597 2369 2841 3281 $180,000 $190,000 773 1697 2519 3020 3487 $190,000 $200,000 819 1798 2668 3199 3694 $200,000 $210,000 865 1898 2817 3379 3900 $210,000 $220,000 910 1999 2967 3557 4107 $220,000 $230,000 956 2100 3115 3737 4314 $230,000 $240,000 1002 2200 3265 3916 4520 $240,000 $999,999 1048 2301 3414 4094 4728