2007 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 2007 Fair Market Value of Trucks and Vans Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $16,400 $16,700 2 4 8 10 11 $16,700 $17,000 4 9 15 17 21 $17,000 $17,500 6 15 24 28 33 $17,500 $18,000 10 22 35 42 48 $18,000 $18,500 13 30 46 55 64 $18,500 $19,000 17 37 57 69 79 $19,000 $19,500 20 45 68 82 94 $19,500 $20,000 24 52 80 95 109 $20,000 $20,500 27 60 90 109 125 $20,500 $21,000 30 67 102 122 141 $21,000 $21,500 34 75 113 135 156 $21,500 $22,000 37 82 124 149 171 $22,000 $23,000 42 94 140 169 194 $23,000 $24,000 49 109 163 195 225 $24,000 $25,000 56 123 186 222 256 $25,000 $26,000 63 138 208 249 286 $26,000 $27,000 70 153 23 276 317 $27,000 $28,000 77 168 252 302 349 $28,000 $29,000 83 184 274 329 379 $29,000 $30,000 90 199 296 356 410 $30,000 $31,000 97 214 318 383 440 $31,000 $32,000 104 228 342 408 472 $32,000 $33,000 111 243 364 436 503 $33,000 $34,000 118 258 386 462 534 $34,000 $35,000 125 273 408 489 564 $35,000 $36,000 131 289 430 15 595 $36,000 $37,000 138 304 452 542 626 $37,000 $38,000 145 318 475 569 657 $38,000 $39,000 152 333 497 596 688 $39,000 $40,000 159 348 520 622 718 $40,000 $41,000 166 363 542 649 749 $41,000 $42,000 172 379 563 676 780 $42,000 $43,000 179 394 586 702 811 $43,000 $44,000 186 409 608 729 842 $44,000 $45,000 193 423 631 756 872 $45,000 $46,000 200 438 653 783 903 $46,000 $47,000 207 453 675 810 934 $47,000 $48,000 213 469 697 836 965 $48,000 $49,000 220 484 719 863 996 $49,000 $50,000 227 499 741 890 1026 $50,000 $51,000 234 514 64 916 1057 $51,000 $52,000 241 528 787 943 1088 $52,000 $53,000 248 543 809 969 1119 $53,000 $54,000 254 559 831 996 1150 $54,000 $55,000 261 574 853 1023 1180 $55,000 $56,000 268 589 875 1050 1211 $56,000 $57,000 275 604 897 1076 1243 $57,000 $58,000 282 618 920 1103 1273 $58,000 $59,000 289 633 943 1129 1304 $59,000 $60,000 296 648 965 1156 1335 $60,000 $62,000 306 671 998 1196 1381 $62,000 $64,000 319 701 1043 1249 1443 $64,000 $66,000 333 731 1087 1303 1504 $66,000 $68,000 347 761 1131 1357 1566 $68,000 $70,000 361 791 1176 1410 1627 $70,000 $72,000 374 821 1221 1463 1689 $72,000 $74,000 388 851 1265 1517 1751 $74,000 $76,000 402 881 1309 1570 1813 $76,000 $78,000 415 911 1354 1624 1874 $78,000 $80,000 429 941 1399 1676 1936 $80,000 $85,000 453 994 1476 1770 2044 $85,000 $90,000 487 1069 1587 1904 2198 $90,000 $95,000 521 1144 1699 2037 2352 $95,000 $100,000 555 1219 1810 2171 2506 $100,000 $110,000 607 1331 1977 2371 2737 $110,000 $120,000 675 1481 2200 2638 3045 $120,000 $130,000 744 1631 2423 2904 3354 $130,000 $140,000 812 1781 2646 3171 3662 $140,000 $150,000 880 1932 2867 3439 3970 $150,000 $160,000 949 2081 3091 3705 4279 $160,000 $170,000 1017 2232 3313 3972 4586 $170,000 $180,000 1086 2381 3536 4239 4895 $180,000 $190,000 1154 2532 3758 456 5203 $190,000 $200,000 1222 2682 3981 4773 5511 $200,000 $210,000 1291 2831 4204 5040 5820 $210,000 $220,000 1359 2982 4426 5307 6128 $220,000 $230,000 1428 3131 4649 5575 6435 $230,000 $240,000 1496 3282 4871 5841 6744 $240,000 $999,999 1565 3431 5095 6108 7052