inclusion amount


An additional amount of income that a taxpayer needs to report when a leased vehicle or property used for business purposes exceeds a certain fair market value threshold. This inclusion is meant to limit the tax deduction a taxpayer can claim from the entire lease payment amount, to the lesser amount allowed to be deductable through depreciation if they owned the vehicle or property. The rate applied will differ depending on whether the asset is a vehicle, office equipment, or property.
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include inclusive