2008 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 2008 Fair Market Value of Trucks and Vans Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $19,000 $19,500 17 37 54 65 73 $19,500 $20,000 20 42 63 73 85 $20,000 $20,500 22 48 70 84 96 $20,500 $21,000 25 53 79 93 107 $21,000 $21,500 27 59 86 103 118 $21,500 $22,000 30 64 95 112 130 $22,000 $23,000 33 72 107 128 146 $23,000 $24,000 38 83 123 147 168 $24,000 $25,000 43 94 139 166 191 $25,000 $26,000 48 105 155 186 213 $26,000 $27,000 53 116 171 205 236 $27,000 $28,000 58 127 187 225 258 $28,000 $29,000 63 138 204 243 280 $29,000 $30,000 68 148 221 263 302 $30,000 $31,000 73 159 237 282 325 $31,000 $32,000 78 170 253 301 348 $32,000 $33,000 83 181 269 321 370 $33,000 $34,000 88 192 285 340 393 $34,000 $35,000 93 203 301 360 414 $35,000 $36,000 98 214 317 379 437 $36,000 $37,000 103 225 333 399 459 $37,000 $38,000 108 235 350 418 482 $38,000 $39,000 113 246 366 437 505 $39,000 $40,000 118 257 382 457 526 $40,000 $41,000 123 268 398 476 549 $41,000 $42,000 128 279 414 496 571 $42,000 $43,000 133 290 430 515 594 $43,000 $44,000 137 301 447 534 616 $44,000 $45,000 142 312 463 553 639 $45,000 $46,000 147 323 479 573 661 $46,000 $47,000 152 334 495 592 684 $47,000 $48,000 157 345 511 612 705 $48,000 $49,000 162 356 527 631 728 $49,000 $50,000 167 366 544 651 750 $50,000 $51,000 172 377 560 670 773 $51,000 $52,000 177 388 576 689 796 $52,000 $53,000 182 399 592 709 817 $53,000 $54,000 187 410 608 728 840 $54,000 $55,000 192 421 624 748 862 $55,000 $56,000 197 432 640 767 885 $56,000 $57,000 202 443 656 787 907 $57,000 $58,000 207 453 673 806 929 $58,000 $59,000 212 464 689 825 952 $59,000 $60,000 217 475 705 845 974 $60,000 $62,000 224 492 729 874 1008 $62,000 $64,000 234 513 762 913 1052 $64,000 $66,000 244 535 794 951 1098 $66,000 $68,000 254 557 826 990 1142 $68,000 $70,000 264 579 858 1029 1187 $70,000 $72,000 274 600 892 1067 1232 $72,000 $74,000 284 622 924 1106 1276 $74,000 $76,000 294 644 956 1145 1321 $76,000 $78,000 304 666 988 1184 1366 $78,000 $80,000 314 687 1021 1222 1411 $80,000 $85,000 331 726 1077 1290 1489 $85,000 $90,000 356 780 1158 1387 1601 $90,000 $95,000 381 835 1238 1484 1713 $95,000 $100,000 405 889 1320 1581 1825 $100,000 $110,000 443 971 1440 1727 1993 $110,000 $120,000 492 1080 1602 1921 2216 $120,000 $130,000 542 1189 1764 2114 2440 $130,000 $140,000 592 1297 1926 2308 2665 $140,000 $150,000 641 1407 2087 2502 2888 $150,000 $160,000 691 1515 2249 2696 3112 $160,000 $170,000 740 1625 2410 2890 3336 $170,000 $180,000 790 1733 2573 3083 3560 $180,000 $190,000 840 1842 2734 3278 3783 $190,000 $200,000 889 1951 2896 3472 4007 $200,000 $210,000 939 2060 3058 3665 4231 $210,000 $220,000 989 2169 3219 3859 4455 $220,000 $230,000 1038 2278 3381 4053 4678 $230,000 $240,000 1088 2387 3542 4247 4903 $240,000 $999,999 1137 2496 3704 4441 5126