Inclusion Amount Tables for Leased Cars

In 2005, if a car with a fair market value in excess of approximately $15,200 is leased ($16,700 for trucks), you must add back an additional amount (i.e., subtract it from your otherwise deductible amount) to offset a portion of the lease payments. This rule was enacted to prevent individuals from avoiding the luxury car depreciation limits that apply to purchased vehicles. The amounts that must be added into your income are called "inclusion amounts" and are taken from a price-based table issued annually by the IRS.

inclusion amount tables for trucks leased in 2005

inclusion amount tables for cars leased in 2005

inclusion amount tables for trucks leased in 2004

inclusion amount tables for cars leased in 2004

inclusion amount tables for trucks leased in 2003

inclusion amount tables for cars leased in 2003

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For more information, see our discussion of deducting vehicle lease payments.