Inclusion Amounts for 2018

If you lease a vehicle for your business, you may have to subtract an “inclusion amount” from the deduction for lease payments. The IRS released these amounts for vehicles first leased in 2018. There’s no inclusion amount if the value of the leased vehicle is $50,000 or less. If you use the IRS standard mileage rate for business driving of the leased vehicle, the inclusion amount doesn’t come into play.