Inclusion Amount Tables for Leased Cars

If a vehicle with a fair market value in excess of approximately $15,500 is leased, 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 cars leased in 1999

inclusion amount tables for cars leased in 1998

inclusion amount tables for cars leased in 1997

The files are in rich text format (RTF) that is suitable for use with most word processing programs used in the Windows environment.

For assistance in downloading a file, click here.

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