2014 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 2014 Fair Market Value of Passenger Automobiles Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $18,500 $19,000 3 5 8 10 11 $19,000 $19,500 3 6 10 11 13 $19,500 $20,000 3 8 11 13 14 $20,000 $20,500 4 8 13 14 17 $20,500 $21,000 4 9 14 17 18 $21,000 $21,500 5 10 15 18 21 $21,500 $22,000 5 11 17 20 22 $22,000 $23,000 6 13 18 23 25 $23,000 $24,000 7 14 22 26 29 $24,000 $25,000 8 16 25 29 33 $25,000 $26,000 8 19 27 32 38 $26,000 $27,000 9 20 31 35 42 $27,000 $28,000 10 22 33 40 45 $28,000 $29,000 11 24 36 43 49 $29,000 $30,000 12 26 39 46 53 $30,000 $31,000 13 28 41 50 57 $31,000 $32,000 14 30 44 53 61 $32,000 $33,000 14 32 47 56 65 $33,000 $34,000 15 34 50 59 69 $34,000 $35,000 16 36 52 64 72 $35,000 $36,000 17 38 55 67 76 $36,000 $37,000 18 39 59 70 80 $37,000 $38,000 19 41 61 74 84 $38,000 $39,000 20 43 64 77 88 $39,000 $40,000 21 45 67 80 92 $40,000 $41,000 21 47 70 84 96 $41,000 $42,000 22 49 73 87 100 $42,000 $43,000 23 51 75 91 104 $43,000 $44,000 24 53 78 94 108 $44,000 $45,000 25 55 81 97 112 $45,000 $46,000 26 56 84 101 116 $46,000 $47,000 27 58 87 104 120 $47,000 $48,000 28 60 90 107 124 $48,000 $49,000 28 62 93 111 127 $49,000 $50,000 29 64 96 114 131 $50,000 $51,000 30 66 98 118 135 $51,000 $52,000 31 68 101 121 139 $52,000 $53,000 32 70 104 124 143 $53,000 $54,000 33 72 106 128 147 $54,000 $55,000 34 74 109 131 151 $55,000 $56,000 34 76 112 135 155 $56,000 $57,000 35 78 115 138 159 $57,000 $58,000 36 80 118 141 163 $58,000 $59,000 37 81 121 145 167 $59,000 $60,000 38 83 124 148 171 $60,000 $62,000 39 86 128 153 177 $62,000 $64,000 41 90 134 159 185 $64,000 $66,000 43 94 139 167 192 $66,000 $68,000 44 98 145 173 201 $68,000 $70,000 46 102 150 180 209 $70,000 $72,000 48 105 156 188 216 $72,000 $74,000 50 109 162 194 224 $74,000 $76,000 51 113 168 200 232 $76,000 $78,000 53 117 173 208 239 $78,000 $80,000 55 120 179 215 247 $80,000 $85,000 58 127 189 226 261 $85,000 $90,000 62 137 203 243 281 $90,000 $95,000 67 146 217 260 301 $95,000 $100,000 71 156 231 277 320 $100,000 $110,000 77 170 253 303 349 $110,000 $120,000 86 189 281 337 389 $120,000 $130,000 95 208 310 370 428 $130,000 $140,000 103 228 337 405 467 $140,000 $150,000 112 247 366 438 507 $150,000 $160,000 121 266 394 473 545 $160,000 $170,000 130 284 423 507 585 $170,000 $180,000 138 304 451 541 624 $180,000 $190,000 147 323 479 575 663 $190,000 $200,000 156 342 507 609 703 $200,000 $210,000 164 361 536 643 742 $210,000 $220,000 173 380 565 676 781 $220,000 $230,000 182 399 593 710 821 $230,000 $240,000 190 418 622 744 860