2014 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 2014 Fair Market Value of Trucks and Vans Tax Year During Lease Over Not Over 1st 2nd 3rd 4th 5th Later $19,000 $19,500 2 4 5 7 8 $19,500 $20,000 2 5 7 8 10 $20,000 $20,500 3 6 8 10 12 $20,500 $21,000 3 7 10 11 14 $21,000 $21,500 3 8 11 14 15 $21,500 $22,000 4 9 12 15 18 $22,000 $23,000 5 10 15 17 21 $23,000 $24,000 5 12 18 21 24 $24,000 $25,000 6 14 20 25 28 $25,000 $26,000 7 16 23 28 32 $26,000 $27,000 8 18 26 31 36 $27,000 $28,000 9 20 28 35 40 $28,000 $29,000 10 21 32 38 44 $29,000 $30,000 11 23 35 41 48 $30,000 $31,000 11 26 37 45 52 $31,000 $32,000 12 27 41 48 56 $32,000 $33,000 13 29 43 52 60 $33,000 $34,000 14 31 46 55 64 $34,000 $35,000 15 33 49 58 68 $35,000 $36,000 16 35 51 62 72 $36,000 $37,000 17 37 54 65 76 $37,000 $38,000 18 38 58 69 79 $38,000 $39,000 18 41 60 72 83 $39,000 $40,000 19 43 63 75 87 $40,000 $41,000 20 44 66 79 91 $41,000 $42,000 21 46 69 82 95 $42,000 $43,000 22 46 72 85 99 $43,000 $44,000 23 50 74 89 103 $44,000 $45,000 24 52 77 93 106 $45,000 $46,000 24 54 80 96 111 $46,000 $47,000 25 56 83 99 115 $47,000 $48,000 26 58 86 102 119 $48,000 $49,000 27 60 88 106 123 $49,000 $50,000 28 62 91 109 127 $50,000 $51,000 29 63 95 113 130 $51,000 $52,000 30 65 97 117 134 $52,000 $53,000 31 67 100 120 138 $53,000 $54,000 31 69 103 123 142 $54,000 $55,000 32 71 106 126 146 $55,000 $56,000 33 73 108 130 150 $56,000 $57,000 34 75 111 133 154 $57,000 $58,000 35 77 114 137 157 $58,000 $59,000 36 79 116 141 161 $59,000 $60,000 37 80 120 144 165 $60,000 $62,000 38 84 123 149 172 $62,000 $64,000 40 87 130 155 180 $64,000 $66,000 41 91 136 162 187 $66,000 $68,000 43 95 141 169 195 $68,000 $70,000 45 99 146 176 203 $70,000 $72,000 47 102 153 182 211 $72,000 $74,000 48 107 158 189 219 $74,000 $76,000 50 110 164 196 227 $76,000 $78,000 52 114 169 203 235 $78,000 $80,000 54 118 175 209 243 $80,000 $85,000 57 124 185 222 256 $85,000 $90,000 61 134 199 239 276 $90,000 $95,000 65 144 213 256 295 $95,000 $100,000 70 153 227 273 315 $100,000 $110,000 76 168 248 298 345 $110,000 $120,000 85 187 277 332 383 $120,000 $130,000 93 206 305 366 423 $130,000 $140,000 102 225 334 400 462 $140,000 $150,000 111 244 362 424 501 $150,000 $160,000 120 263 390 468 541 $160,000 $170,000 128 282 419 502 580 $170,000 $180,000 137 301 447 536 619 $180,000 $190,000 146 320 475 571 658 $190,000 $200,000 154 339 504 604 698 $200,000 $210,000 163 358 532 639 736 $210,000 $220,000 172 377 561 672 776 $220,000 $230,000 180 397 589 706 815 $230,000 $240,000 189 416 617 740 854