2004 Lease Inclusion Table  - Passenger Automobiles
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 Passenger Automobiles
(That are not trucks, Vans, or Electric Automobiles)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
Fair Market Value of
Passenger Automobiles		 Tax Year During Lease
Over Not Over 1st 2nd 3rd 4th 5th Later
$17,500 $18,000 11 23 33 42 48
$18,000 $18,500 13 26 40 49 56
$18,500 $19,000 14 31 46 55 65
$19,000 $19,500 16 35 51 63 73
$19,500 $20,000 18 39 57 70 81
$20,000 $20,500 20 43 63 77 89
$20,500 $21,000 22 47 69 84 97
$21,000 $21,500 23 51 75 91 106
$21,500 $22,000 25 55 81 98 114
$22,000 $23,000 28 61 90 109 126
$23,000 $24,000 32 69 102 123 142
$24,000 $25,000 35 77 114 137 159
$25,000 $26,000 39 85 126 151 176
$26,000 $27,000 43 93 137 166 192
$27,000 $28,000 46 101 149 180 209
$28,000 $29,000 50 109 161 194 225
$29,000 $30,000 54 116 174 208 242
$30,000 $31,000 57 125 185 223 257
$31,000 $32,000 61 133 197 237 274
$32,000 $33,000 64 141 209 251 291
$33,000 $34,000 68 149 221 265 307
$34,000 $35,000 72 157 232 280 323
$35,000 $36,000 75 165 244 294 340
$36,000 $37,000 79 173 256 308 357
$37,000 $38,000 83 181 268 322 373
$38,000 $39,000 86 189 280 337 389
$39,000 $40,000 90 197 292 351 405
$40,000 $41,000 94 204 304 365 423
$41,000 $42,000 97 213 316 379 438
$42,000 $43,000 101 221 327 394 455
$43,000 $44,000 105 228 340 408 471
$44,000 $45,000 108 237 351 422 488
$45,000 $46,000 112 245 363 436 504
$46,000 $47,000 115 253 375 451 520
$47,000 $48,000 119 261 387 464 538
$48,000 $49,000 123 269 398 479 554
$49,000 $50,000 126 277 411 493 570
$50,000 $51,000 130 285 422 508 586
$51,000 $52,000 134 292 435 522 603
$52,000 $53,000 137 301 446 536 619
$53,000 $54,000 141 309 458 550 636
$54,000 $55,000 145 316 471 564 652
$55,000 $56,000 148 325 482 578 669
$56,000 $57,000 152 333 493 593 685
$57,000 $58,000 155 341 506 607 701
$58,000 $59,000 159 349 517 622 718
$59,000 $60,000 163 357 529 636 734
$60,000 $62,000 168 369 547 657 759
$62,000 $64,000 176 384 571 686 792
$64,000 $66,000 183 401 594 714 825
$66,000 $68,000 190 417 618 743 857
$68,000 $70,000 197 433 642 771 890
$70,000 $72,000 205 448 666 800 923
$72,000 $74,000 212 465 689 828 956
$74,000 $76,000 219 481 713 856 990
$76,000 $78,000 227 496 738 884 1022
$78,000 $80,000 234 513 760 914 1055
$80,000 $85,000 247 540 803 963 1112
$85,000 $90,000 265 580 862 1035 1194
$90,000 $95,000 283 621 921 1105 1277
$95,000 $100,000 301 661 980 1177 1359
$100,000 $110,000 328 721 1069 1284 1482
$110,000 $120,000 365 800 1189 1426 1646
$120,000 $130,000 401 881 1307 1568 1811
$130,000 $140,000 438 960 1426 1711 1975
$140,000 $150,000 474 1041 1544 1853 2140
$150,000 $160,000 511 1120 1663 1996 2304
$160,000 $170,000 547 1200 1782 2138 2468
$170,000 $180,000 583 1281 1900 2280 2633
$180,000 $190,000 620 1360 2020 2422 2797
$190,000 $200,000 656 1440 2139 2564 2962
$200,000 $210,000 693 1520 2257 2707 3126
$210,000 $220,000 729 1600 2376 2849 3291
$220,000 $230,000 765 1681 2494 2991 3455
$230,000 $240,000 802 1760 2613 3134 3619
$240,000 $250,000 838 1840 2732 3276 3784