2004 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 2004 Fair Market Value of Trucks and Vans Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $18,000 $18,500 7 15 21 26 30 $18,500 $19,000 9 18 28 33 38 $19,000 $19,500 11 22 34 40 47 $19,500 $20,000 13 26 39 48 55 $20,000 $20,500 14 31 45 54 63 $20,500 $21,000 16 35 51 61 72 $21,000 $21,500 18 38 58 68 80 $21,500 $22,000 20 42 63 76 88 $22,000 $23,000 23 48 72 87 100 $23,000 $24,000 26 57 83 101 117 $24,000 $25,000 30 64 96 115 133 $25,000 $26,000 34 72 108 129 149 $26,000 $27,000 37 81 119 143 166 $27,000 $28,000 41 88 132 157 183 $28,000 $29,000 44 97 143 172 198 $29,000 $30,000 48 104 155 187 215 $30,000 $31,000 52 112 167 201 231 $31,000 $32,000 55 121 178 215 248 $32,000 $33,000 59 128 191 229 264 $33,000 $34,000 63 136 203 243 281 $34,000 $35,000 66 145 214 257 298 $35,000 $36,000 70 152 227 271 314 $36,000 $37,000 74 160 238 286 330 $37,000 $38,000 77 169 249 301 346 $38,000 $39,000 81 176 262 314 364 $39,000 $40,000 84 185 273 329 379 $40,000 $41,000 88 192 286 343 396 $41,000 $42,000 92 200 298 357 412 $42,000 $43,000 95 209 309 371 429 $43,000 $44,000 99 216 322 385 445 $44,000 $45,000 103 224 333 400 462 $45,000 $46,000 106 233 345 413 479 $46,000 $47,000 110 240 357 428 495 $47,000 $48,000 114 248 369 442 511 $48,000 $49,000 117 257 380 457 527 $49,000 $50,000 121 264 393 471 544 $50,000 $51,000 125 272 404 486 560 $51,000 $52,000 128 280 417 499 577 $52,000 $53,000 132 288 428 514 593 $53,000 $54,000 135 297 440 527 610 $54,000 $55,000 139 304 452 542 626 $55,000 $56,000 143 312 464 556 643 $56,000 $57,000 146 321 475 571 659 $57,000 $58,000 150 328 488 585 675 $58,000 $59,000 154 336 499 600 691 $59,000 $60,000 157 345 511 613 708 $60,000 $62,000 163 356 529 635 733 $62,000 $64,000 170 372 553 663 766 $64,000 $66,000 177 389 576 692 798 $66,000 $68,000 185 404 600 720 832 $68,000 $70,000 192 420 624 749 864 $70,000 $72,000 199 436 648 777 897 $72,000 $74,000 206 453 671 805 931 $74,000 $76,000 214 468 695 834 963 $76,000 $78,000 221 484 719 863 996 $78,000 $80,000 228 501 742 891 1029 $80,000 $85,000 241 528 785 940 1087 $85,000 $90,000 259 568 844 1012 1168 $90,000 $95,000 277 609 902 1084 1250 $95,000 $100,000 296 648 962 1155 1333 $100,000 $110,000 323 708 1052 1261 1456 $110,000 $120,000 359 788 1171 1403 1620 $120,000 $130,000 396 868 1289 1546 1785 $130,000 $140,000 432 948 1408 1688 1949 $140,000 $150,000 469 1028 1526 1831 2113 $150,000 $160,000 505 1108 1645 1973 2278 $160,000 $170,000 541 1188 1764 2115 2443 $170,000 $180,000 578 1268 1882 2258 2607 $180,000 $190,000 614 1348 2001 2400 2771 $190,000 $200,000 651 1428 2120 2542 2936 $200,000 $210,000 687 1508 2239 2684 3100 $210,000 $220,000 724 1588 2357 2827 3264 $220,000 $230,000 760 1668 2476 2969 3429 $230,000 $240,000 796 1748 2595 3112 3593 $240,000 $250,000 833 1828 2713 3254 3758