2016 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 2016 Fair Market Value of Trucks and Vans Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $19,500 $20,000 3 8 12 14 16 $20,000 $20,500 4 10 15 17 20 $20,500 $21,000 5 12 17 21 25 $21,000 $21,500 6 14 20 25 28 $21,500 $22,000 7 16 23 28 32 $22,000 $23,000 8 19 28 33 38 $23,000 $24,000 10 23 33 41 46 $24,000 $25,000 12 26 40 47 55 $25,000 $26,000 14 30 46 54 63 $26,000 $27,000 16 34 51 62 70 $27,000 $28,000 17 38 58 68 79 $28,000 $29,000 19 42 63 76 86 $29,000 $30,000 21 46 69 82 95 $30,000 $31,000 23 50 75 89 103 $31,000 $32,000 25 54 80 97 111 $32,000 $33,000 26 58 86 104 119 $33,000 $34,000 28 62 92 111 127 $34,000 $35,000 30 66 98 117 136 $35,000 $36,000 32 70 104 124 143 $36,000 $37,000 34 73 110 132 151 $37,000 $38,000 35 78 115 139 160 $38,000 $39,000 37 82 121 146 167 $39,000 $40,000 39 85 128 152 176 $40,000 $41,000 41 89 133 160 184 $41,000 $42,000 42 94 139 166 192 $42,000 $43,000 44 97 145 174 200 $43,000 $44,000 46 101 151 181 208 $44,000 $45,000 48 105 157 187 217 $45,000 $46,000 50 109 162 195 224 $46,000 $47,000 51 113 169 201 233 $47,000 $48,000 53 117 174 209 240 $48,000 $49,000 55 121 180 216 248 $49,000 $50,000 57 125 186 222 257 $50,000 $51,000 59 129 191 230 265 $51,000 $52,000 60 133 197 237 273 $52,000 $53,000 62 137 203 244 281 $53,000 $54,000 64 141 209 250 290 $54,000 $55,000 66 144 216 257 298 $55,000 $56,000 68 148 221 265 305 $56,000 $57,000 69 153 226 272 214 $57,000 $58,000 71 156 233 279 321 $58,000 $59,000 73 160 239 285 330 $59,000 $60,000 75 164 244 293 338 $60,000 $62,000 77 170 253 304 350 $62,000 $64,000 81 178 265 317 366 $64,000 $66,000 85 186 276 331 383 $66,000 $68,000 88 194 288 345 399 $68,000 $70,000 92 202 299 360 414 $70,000 $72,000 95 210 311 374 431 $72,000 $74,000 99 217 324 387 447 $74,000 $76,000 102 226 335 401 463 $76,000 $78,000 106 233 347 415 480 $78,000 $80,000 110 241 358 430 495 $80,000 $85,000 116 255 379 454 524 $85,000 $90,000 125 274 409 489 564 $90,000 $95,000 134 294 437 525 605 $95,000 $100,000 143 314 466 560 645 $100,000 $110,000 156 344 510 612 706 $110,000 $120,000 174 383 569 682 787 $120,000 $130,000 192 422 628 752 868 $130,000 $140,000 210 462 685 823 949 $140,000 $150,000 228 501 744 893 1030 $150,000 $160,000 246 540 803 963 1111 $160,000 $170,000 264 580 861 1033 1192 $170,000 $180,000 282 619 920 1102 1274 $180,000 $190,000 300 658 979 1172 1354 $190,000 $200,000 318 698 1036 1243 1435 $200,000 $210,000 335 738 1095 1313 1516 $210,000 $220,000 353 777 1154 1383 1597 $220,000 $230,000 371 816 1212 1454 1678 $230,000 $240,000 389 856 1270 1524 1759 $240,000 $250,000 407 895 1329 1594 1839