Alpha Leasing Company
2005 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 2005
Fair Market Value of
Passenger Automobiles
Tax Year During Lease
Over Not Over 1st 2nd 3rd 4th 5th Later
$15,200 $15,500 3 6 9 11 13
$15,500 $15,800 4 9 13 17 19
$15,800 $16,100 5 12 18 22 26
$16,100 $16,400 7 15 22 27 32
$16,400 $16,700 8 18 27 32 39
$16,700 $17,000 9 21 32 38 44
$17,000 $17,500 11 25 38 45 52
$17,500 $18,000 14 30 45 54 63
$18,000 $18,500 16 35 52 63 73
$18,500 $19,000 18 40 60 72 83
$19,000 $19,500 20 46 67 80 94
$19,500 $20,000 23 50 75 90 104
$20,000 $20,500 25 55 82 99 115
$20,500 $21,000 27 61 89 108 125
$21,000 $21,500 30 65 97 117 135
$21,500 $22,000 32 70 105 125 146
$22,000 $23,000 35 78 116 139 161
$23,000 $24,000 40 88 131 156 182
$24,000 $25,000 44 98 146 175 202
$25,000 $26,000 49 108 161 192 223
$26,000 $27,000 54 118 175 211 244
$27,000 $28,000 58 128 191 228 265
$28,000 $29,000 63 138 205 247 285
$29,000 $30,000 67 149 220 264 306
$30,000 $31,000 72 159 234 283 326
$31,000 $32,000 77 168 250 300 348
$32,000 $33,000 81 179 265 318 367
$33,000 $34,000 86 189 279 336 389
$34,000 $35,000 90 199 295 354 409
$35,000 $36,000 95 209 309 372 430
$36,000 $37,000 99 219 325 389 451
$37,000 $38,000 104 229 339 408 471
$38,000 $39,000 109 239 354 426 491
$39,000 $40,000 113 249 370 443 512
$40,000 $41,000 118 259 384 62 533
$41,000 $42,000 122 269 400 479 554
$42,000 $43,000 127 279 414 497 575
$43,000 $44,000 132 289 429 515 595
$44,000 $45,000 136 299 444 533 616
$45,000 $46,000 141 309 459 551 636
$46,000 $47,000 145 320 473 569 657
$47,000 $48,000 150 329 489 587 678
$48,000 $49,000 154 340 504 604 699
$49,000 $50,000 159 350 518 523 719
$50,000 $51,000 164 360 533 640 740
$51,000 $52,000 168 370 548 659 760
$52,000 $53,000 173 380 563 676 781
$53,000 $54,000 177 390 578 694 802
$54,000 $55,000 182 400 593 712 823
$55,000 $56,000 186 410 609 729 844
$56,000 $57,000 191 420 623 748 864
$57,000 $58,000 196 430 638 766 884
$58,000 $59,000 200 440 653 784 905
$59,000 $60,000 205 450 668 802 925
$60,000 $62,000 212 465 691 828 957
$62,000 $64,000 221 485 721 864 998
$64,000 $66,000 230 506 750 900 1039
$66,000 $68,000 239 526 780 935 1081
$68,000 $70,000 248 546 810 971 890
$70,000 $72,000 258 566 839 1008 1163
$72,000 $74,000 267 586 869 1044 1204
$74,000 $76,000 276 606 899 1079 1247
$76,000 $78,000 285 626 930 1114 1288
$78,000 $80,000 294 646 960 1150 1329
$80,000 $85,000 310 682 1011 1213 1402
$85,000 $90,000 333 732 1086 1303 1504
$90,000 $95,000 356 782 1161 1392 1608
$95,000 $100,000 379 832 1236 1481 1712
$100,000 $110,000 413 908 1347 1616 1867
$110,000 $120,000 459 1009 1496 1795 2073
$120,000 $130,000 505 1109 1646 1974 2280
$130,000 $140,000 551 1210 1795 2153 2486
$140,000 $150,000 597 1310 1945 2332 2693
$150,000 $160,000 642 1411 2094 2511 2900
$160,000 $170,000 688 1512 2243 2690 3106
$170,000 $180,000 734 1612 2392 2870 3313
$180,000 $190,000 780 1713 2541 3048 3520
$190,000 $200,000 826 1813 2691 3227 3727
$200,000 $210,000 871 1914 2840 3407 3933
$210,000 $220,000 917 2015 2989 3585 4141
$220,000 $230,000 963 2115 3139 3764 4347
$230,000 $240,000 1009 2216 3288 3943 4554
$240,000 $999,999 1055 2316 3437 4123 4760
 
215 S HURSTBOURNE PKWY, SUITE 103  •  Louisville, KY 40222  •  PHONE: 800-800-5327 • fax: (502) 426-2793 •  email: Info@alphaleasing.com