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May 23, 2025
Question

Auto lease inclusion amount

  • May 23, 2025
  • 1 reply
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On the IRS table for auto lease inclusion amounts, are the inclusion amounts annual or daily?  Lat year, I calculated the amount from the table and multiplied it by the number of days the auto was in use during that year and arrived at an inclusion amount of over $15,000.  However, in reviewing the instructions this year, it appears that I may have misinterpreted this as a daily rate when it should be an annual rate.  Which is correct please?

1 reply

May 23, 2025

it's annual you can see this link and look at step 2 which uses the word "annual"

https://fitsmallbusiness.com/what-is-auto-lease-inclusion/