2006 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 2006 Fair Market Value of Trucks and Vans Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $16,700 $17,000 4 8 12 14 16 $17,000 $17,500 6 14 20 24 29 $17,500 $18,000 9 21 31 37 43 $18,000 $18,500 13 28 42 49 58 $18,500 $19,000 16 36 52 62 72 $19,000 $19,500 19 43 63 75 87 $19,500 $20,000 23 50 73 88 102 $20,000 $20,500 26 57 84 101 116 $20,500 $21,000 29 64 95 113 131 $21,000 $21,500 32 72 105 126 146 $21,500 $22,000 36 78 116 139 161 $22,000 $23,000 41 89 132 158 183 $23,000 $24,000 47 104 153 183 213 $24,000 $25,000 54 118 174 209 242 $25,000 $26,000 60 132 196 235 271 $26,000 $27,000 67 146 217 261 300 $27,000 $28,000 73 161 238 286 330 $28,000 $29,000 80 175 260 311 359 $29,000 $30,000 86 190 281 336 389 $30,000 $31,000 93 204 302 362 418 $31,000 $32,000 99 219 323 388 447 $32,000 $33,000 106 233 344 413 478 $33,000 $34,000 112 247 366 439 506 $34,000 $35,000 119 261 387 465 536 $35,000 $36,000 125 276 408 490 566 $36,000 $37,000 132 290 430 515 595 $37,000 $38,000 139 304 451 541 624 $38,000 $39,000 145 319 472 566 654 $39,000 $40,000 152 333 493 592 684 $40,000 $41,000 158 347 515 618 712 $41,000 $42,000 165 362 536 642 743 $42,000 $43,000 171 376 557 669 772 $43,000 $44,000 178 390 579 694 801 $44,000 $45,000 184 405 600 719 831 $45,000 $46,000 191 419 621 745 860 $46,000 $47,000 197 434 642 770 890 $47,000 $48,000 204 448 663 796 919 $48,000 $49,000 210 462 685 822 948 $49,000 $50,000 217 476 707 847 977 $50,000 $51,000 224 490 728 872 1008 $51,000 $52,000 230 505 749 898 1037 $52,000 $53,000 237 519 770 924 1066 $53,000 $54,000 243 534 791 949 1096 $54,000 $55,000 250 548 813 974 1125 $55,000 $56,000 256 563 833 1000 1155 $56,000 $57,000 263 577 855 1025 1184 $57,000 $58,000 269 591 877 1051 1213 $58,000 $59,000 276 605 898 1077 1243 $59,000 $60,000 282 620 919 1102 1272 $60,000 $62,000 292 641 951 1141 1316 $62,000 $64,000 305 670 994 1191 1375 $64,000 $66,000 318 699 1036 1242 1435 $66,000 $68,000 331 728 1078 1293 1494 $68,000 $70,000 344 756 1121 1345 1552 $70,000 $72,000 358 784 1164 1395 1612 $72,000 $74,000 371 813 1206 1447 1670 $74,000 $76,000 384 842 1249 1497 1729 $76,000 $78,000 397 871 1291 1548 1788 $78,000 $80,000 410 899 1334 1600 1846 $80,000 $85,000 433 949 1409 1688 1950 $85,000 $90,000 465 1021 1515 1816 2098 $90,000 $95,000 498 1093 1621 1944 2244 $95,000 $100,000 531 1164 1728 2071 2392 $100,000 $110,000 580 1272 1887 2263 2612 $110,000 $120,000 645 1416 2099 2518 2907 $120,000 $130,000 711 1559 2312 2773 3202 $130,000 $140,000 776 1702 2525 3028 3497 $140,000 $150,000 841 1846 2738 3283 3791 $150,000 $160,000 907 1989 2950 3539 4085 $160,000 $170,000 972 2132 3164 3793 4380 $170,000 $180,000 1037 2276 3376 4049 4674 $180,000 $190,000 1103 2419 3589 4303 4969 $190,000 $200,000 1168 2563 3801 4559 5263 $200,000 $210,000 1233 2706 4015 4813 5558 $210,000 $220,000 1299 2849 4227 5069 5853 $220,000 $230,000 1364 2993 4440 5324 6147 $230,000 $240,000 1430 3136 4652 5580 6441 $240,000 $999,999 1495 3279 4866 5834 6736