Part III. Administrative, Procedural, and Miscellaneous
SECTION 3. SCOPE
Internal Revenue Bulletin 2004-13 · 2026-10-03 edition · updated 2026-10-04 · United States
The limitations on depreciation deductions in section 4.02(2) of this revenue procedure apply to passenger automobiles (other than leased passenger automobiles) that are placed in service by the taxpayer in calendar year 2004, and continue to apply for each tax year that the passenger automobile remains in service.
The tables in section 4.03 of this revenue procedure apply to leased passenger automobiles for which the lease term begins during calendar year 2004. Lessees of such passenger automobiles must use these tables to determine the inclusion amount for each tax year during which
March 29, 2004 643 2004-13 I.R.B.
2003 index exceeded the October 1987 index by 32.2. The Service has, therefore, determined that the automobile price inflation adjustment for 2004 for trucks and vans is 28.65 percent (32.2/112.4 x 100%). This adjustment is applicable to all trucks and vans that are first placed in service in calendar year 2004. The dollar limitations in § 280F(a) must therefore be multiplied by a factor of 0.2865, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to trucks and vans.
(2) Amount of the Limitation. For passenger automobiles placed in service by the taxpayer in calendar year 2004, Tables 1 through 6 contain the dollar amount of the depreciation limitation for each tax year. Use Table 1 for passenger automobiles (other than trucks, vans, electric automobiles, and § 168(k)(4) passenger automobiles) placed in service by the taxpayer in calendar year 2004. Use Table 2 for § 168(k)(4) passenger automobiles (other than trucks, vans, and electric automobiles) placed in service by the taxpayer in calendar year 2004. Use Table 3 for trucks and vans (other than § 168(k)(4) passenger automobiles) placed in service by the taxpayer in calendar year 2004. Use Table 4 for trucks or vans that are § 168(k)(4) passenger automobiles placed in service by the taxpayer in calendar year 2004. Use Table 5 for electric automobiles (other than § 168(k)(4) passenger automobiles) placed in service by the taxpayer in calendar year 2004. Use Table 6 for electric automobiles that are § 168(k)(4) passenger automobiles placed in service by the taxpayer in calendar year 2004.
sion amount that is added to gross income using the tables in section 4.03 of this revenue procedure. The inclusion amount is determined using Table 7 in the case of a passenger automobile (other than a truck, van, or electric automobile), Table 8 in the case of a truck or van, and Table 9 in the case of an electric automobile. In addition, the procedures of § 1.280F–7(a) must be followed.
(3) Maximum Automobile Value for Using the Cents-per-mile Valuation Rule. An employer providing a passenger automobile for the first time in calendar year 2004 for the personal use of any employee may determine the value of the use of the passenger automobile by using the cents-per-mile valuation rule in § 1.61–21(e) if the fair market value of the passenger automobile does not exceed the amount specified in section 4.04(2) of this revenue procedure. If the fair market value of the passenger automobile exceeds the amount specified in section 4.04(2) of this revenue procedure, the employer may determine the value of the use of the passenger automobile under the general valuation rules of § 1.61–21(b) or under the special valuation rules of § 1.61–21(d) (Automobile lease valuation) or § 1.61–21(f) (Commuting valuation) if the applicable requirements are met.
- Limitations on Depreciation Deductions for Certain Automobiles.
(1) Amount of the Inflation Adjustment. Under § 280F(d)(7)(B)(i), the automobile price inflation adjustment for any calendar year is the percentage (if any) by which the CPI automobile component for October of the preceding calendar year exceeds the CPI automobile component for October 1987. The term
“CPI automobile component” is defined in § 280F(d)(7)(B)(ii) as the “automobile component” of the Consumer Price Index for all Urban Consumers published by the Department of Labor (the CPI). The new car component of the CPI was 115.2 for October 1987 and 133.5 for October 2003. The October 2003 index exceeded the October 1987 index by 18.3. The Service has, therefore, determined that the automobile price inflation adjustment for 2004 for passenger automobiles (other than trucks and vans) is 15.89 percent (18.3/115.2 x 100%). This adjustment is applicable to all passenger automobiles (other than trucks and vans) that are first placed in service in calendar year 2004. The dollar limitations in § 280F(a) must therefore be multiplied by a factor of 0.1589, and the resulting increases, after rounding to the nearest $100, are added to the 1988 limitations to give the depreciation limitations applicable to passenger automobiles (other than trucks, vans, and electric automobiles) for calendar year 2004. To determine the dollar limitations applicable to an electric automobile first placed in service during calendar year 2004, the dollar limitations in § 280F(a) are tripled in accordance with § 280F(a)(1)(C) and are then multiplied by a factor of 0.1588; the resulting increases, after rounding to the nearest $100, are added to the tripled 1988 limitations to give the depreciation limitations for calendar year 2004. To determine the dollar limitations applicable to trucks and vans first placed in service during calendar year 2004, the new truck component of the CPI is used instead of the new car component. The new truck component of the CPI was 112.4 for October 1987 and 144.6 for October 2003. The October
REV. PROC. 2004–20 TABLE 1
DEPRECIATION LIMITATIONS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT § 168(k)(4) PASSENGER AUTOMOBILES,
TRUCKS, VANS, OR ELECTRIC AUTOMOBILES) PLACED IN SERVICE BY THE TAXPAYER DURING CALENDAR YEAR 2004
Tax Year Amount
1st Tax Year $2,960
2nd Tax Year $4,800
3rd Tax Year $2,850
Each Succeeding Year $1,675
2004-13 I.R.B. 644 March 29, 2004
REV. PROC. 2004–20 TABLE 2
DEPRECIATION LIMITATIONS FOR § 168(k)(4) PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS, VANS, OR ELECTRIC AUTOMOBILES) PLACED IN SERVICE BY THE TAXPAYER DURING CALENDAR YEAR 2004
Tax Year Amount
1st Tax Year $10,610
2nd Tax Year $4,800
3rd Tax Year $2,850
Each Succeeding Year $1,675
REV. PROC. 2004–20 TABLE 3
DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS (THAT ARE NOT § 168(k)(4) PASSENGER AUTOMOBILES) PLACED IN SERVICE BY THE TAXPAYER DURING CALENDAR YEAR 2004
Tax Year Amount
1st Tax Year $3,260
2nd Tax Year $5,300
3rd Tax Year $3,150
Each Succeeding Year $1,875
REV. PROC. 2004–20 TABLE 4
DEPRECIATION LIMITATIONS FOR TRUCKS AND VANS
THAT ARE § 168(k)(4) PASSENGER AUTOMOBILES PLACED IN SERVICE BY THE TAXPAYER DURING CALENDAR YEAR 2004
Tax Year Amount
1st Tax Year $10,910
2nd Tax Year $5,300
3rd Tax Year $3,150
Each Succeeding Year $1,875
REV. PROC. 2004–20 TABLE 5
DEPRECIATION LIMITATIONS FOR ELECTRIC AUTOMOBILES
(THAT ARE NOT § 168(k)(4) PASSENGER AUTOMOBILES) PLACED IN SERVICE BY THE TAXPAYER DURING CALENDAR YEAR 2004
Tax Year Amount
1st Tax Year $8,880
2nd Tax Year $14,300
3rd Tax Year $8,550
Each Succeeding Year $5,125
March 29, 2004 645 2004-13 I.R.B.
REV. PROC. 2004–20 TABLE 6
DEPRECIATION LIMITATIONS FOR ELECTRIC AUTOMOBILES
THAT ARE § 168(k)(4) PASSENGER AUTOMOBILES PLACED IN SERVICE BY THE TAXPAYER DURING CALENDAR YEAR 2004
Tax Year Amount
1st Tax Year $31,830
2nd Tax Year $14,300
3rd Tax Year $8,550
Each Succeeding Year $5,125
while lessees of trucks and vans should use Table 8 of this revenue procedure and lessees of electric automobiles should use Table 9 of this revenue procedure.
- Inclusions in Income of Lessees of Passenger Automobiles.
The inclusion amounts for passenger automobiles (including § 168(k)(1) passenger automobiles and § 168(k)(4) passenger automobiles) first leased in cal
endar year 2004 are calculated under the procedures described in § 1.280F–7(a). Lessees of passenger automobiles other than trucks, vans, and electric automobiles should use Table 7 of this revenue procedure in applying these procedures,
REV. PROC. 2004–20 TABLE 7
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS, VANS, OR ELECTRIC AUTOMOBILES)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| Fair Market Value of Passenger Automobile Over Not Over |
Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease |
|---|---|---|---|---|---|
| Fair Market Value of Passenger Automobile Over Not Over |
1st | 2nd | 3rd | 4th | 5th & Later |
REV. PROC. 2004–20 TABLE 7
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS, VANS, OR ELECTRIC AUTOMOBILES)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| $17,500 18,000 11 23 33 42 48 18,000 18,500 13 26 40 49 56 18,500 19,000 14 31 46 55 65 19,000 19,500 16 35 51 63 73 19,500 20,000 18 39 57 70 81 20,000 20,500 20 43 63 77 89 20,500 21,000 22 47 69 84 97 21,000 21,500 23 51 75 91 106 21,500 22,000 25 55 81 98 114 22,000 23,000 28 61 90 109 126 23,000 24,000 32 69 102 123 142 24,000 25,000 35 77 114 137 159 25,000 26,000 39 85 126 151 176 26,000 27,000 43 93 137 166 192 27,000 28,000 46 101 149 180 209 28,000 29,000 50 109 161 194 225 29,000 30,000 54 116 174 208 242 30,000 31,000 57 125 185 223 257 31,000 32,000 61 133 197 237 274 32,000 33,000 64 141 209 251 291 33,000 34,000 68 149 221 265 307 34,000 35,000 72 157 232 280 323 35,000 36,000 75 165 244 294 340 36,000 37,000 79 173 256 308 357 37,000 38,000 83 181 268 322 373 38,000 39,000 86 189 280 337 389 39,000 40,000 90 197 292 351 405 40,000 41,000 94 204 304 365 423 41,000 42,000 97 213 316 379 438 42,000 43,000 101 221 327 394 455 |
$17,500 18,000 11 23 33 42 48 18,000 18,500 13 26 40 49 56 18,500 19,000 14 31 46 55 65 19,000 19,500 16 35 51 63 73 19,500 20,000 18 39 57 70 81 20,000 20,500 20 43 63 77 89 20,500 21,000 22 47 69 84 97 21,000 21,500 23 51 75 91 106 21,500 22,000 25 55 81 98 114 22,000 23,000 28 61 90 109 126 23,000 24,000 32 69 102 123 142 24,000 25,000 35 77 114 137 159 25,000 26,000 39 85 126 151 176 26,000 27,000 43 93 137 166 192 27,000 28,000 46 101 149 180 209 28,000 29,000 50 109 161 194 225 29,000 30,000 54 116 174 208 242 30,000 31,000 57 125 185 223 257 31,000 32,000 61 133 197 237 274 32,000 33,000 64 141 209 251 291 33,000 34,000 68 149 221 265 307 34,000 35,000 72 157 232 280 323 35,000 36,000 75 165 244 294 340 36,000 37,000 79 173 256 308 357 37,000 38,000 83 181 268 322 373 38,000 39,000 86 189 280 337 389 39,000 40,000 90 197 292 351 405 40,000 41,000 94 204 304 365 423 41,000 42,000 97 213 316 379 438 42,000 43,000 101 221 327 394 455 |
$17,500 18,000 11 23 33 42 48 18,000 18,500 13 26 40 49 56 18,500 19,000 14 31 46 55 65 19,000 19,500 16 35 51 63 73 19,500 20,000 18 39 57 70 81 20,000 20,500 20 43 63 77 89 20,500 21,000 22 47 69 84 97 21,000 21,500 23 51 75 91 106 21,500 22,000 25 55 81 98 114 22,000 23,000 28 61 90 109 126 23,000 24,000 32 69 102 123 142 24,000 25,000 35 77 114 137 159 25,000 26,000 39 85 126 151 176 26,000 27,000 43 93 137 166 192 27,000 28,000 46 101 149 180 209 28,000 29,000 50 109 161 194 225 29,000 30,000 54 116 174 208 242 30,000 31,000 57 125 185 223 257 31,000 32,000 61 133 197 237 274 32,000 33,000 64 141 209 251 291 33,000 34,000 68 149 221 265 307 34,000 35,000 72 157 232 280 323 35,000 36,000 75 165 244 294 340 36,000 37,000 79 173 256 308 357 37,000 38,000 83 181 268 322 373 38,000 39,000 86 189 280 337 389 39,000 40,000 90 197 292 351 405 40,000 41,000 94 204 304 365 423 41,000 42,000 97 213 316 379 438 42,000 43,000 101 221 327 394 455 |
$17,500 18,000 11 23 33 42 48 18,000 18,500 13 26 40 49 56 18,500 19,000 14 31 46 55 65 19,000 19,500 16 35 51 63 73 19,500 20,000 18 39 57 70 81 20,000 20,500 20 43 63 77 89 20,500 21,000 22 47 69 84 97 21,000 21,500 23 51 75 91 106 21,500 22,000 25 55 81 98 114 22,000 23,000 28 61 90 109 126 23,000 24,000 32 69 102 123 142 24,000 25,000 35 77 114 137 159 25,000 26,000 39 85 126 151 176 26,000 27,000 43 93 137 166 192 27,000 28,000 46 101 149 180 209 28,000 29,000 50 109 161 194 225 29,000 30,000 54 116 174 208 242 30,000 31,000 57 125 185 223 257 31,000 32,000 61 133 197 237 274 32,000 33,000 64 141 209 |
|---|
251
291
33,000
34,000
68
149
221
265
307
34,000
35,000
72
157
232
280
323
35,000
36,000
75
165
244
294
340
36,000
37,000
79
173
256
308
357
37,000
38,000
83
181
268
322
373
38,000
39,000
86
189
280
337
389
39,000
40,000
90
197
292
351
405
40,000
41,000
94
204
304
365
423
41,000
42,000
97
213
316
379
438
42,000
43,000
101
221
327
394
455|$17,500
18,000
11
23
33
42
48
18,000
18,500
13
26
40
49
56
18,500
19,000
14
31
46
55
65
19,000
19,500
16
35
51
63
73
19,500
20,000
18
39
57
70
81
20,000
20,500
20
43
63
77
89
20,500
21,000
22
47
69
84
97
21,000
21,500
23
51
75
91
106
21,500
22,000
25
55
81
98
114
22,000
23,000
28
61
90
109
126
23,000
24,000
32
69
102
123
142
24,000
25,000
35
77
114
137
159
25,000
26,000
39
85
126
151
176
26,000
27,000
43
93
137
166
192
27,000
28,000
46
101
149
180
209
28,000
29,000
50
109
161
194
225
29,000
30,000
54
116
174
208
242
30,000
31,000
57
125
185
223
257
31,000
32,000
61
133
197
237
274
32,000
33,000
64
141
209
251
291
33,000
34,000
68
149
221
265
307
34,000
35,000
72
157
232
280
323
35,000
36,000
75
165
244
294
340
36,000
37,000
79
173
256
308
357
37,000
38,000
83
181
268
322
373
38,000
39,000
86
189
280
337
389
39,000
40,000
90
197
292
351
405
40,000
41,000
94
204
304
365
423
41,000
42,000
97
213
316
379
438
42,000
43,000
101
221
327
394
455|$17,500
18,000
11
23
33
42
48
18,000
18,500
13
26
40
49
56
18,500
19,000
14
31
46
55
65
19,000
19,500
16
35
51
63
73
19,500
20,000
18
39
57
70
81
20,000
20,500
20
43
63
77
89
20,500
21,000
22
47
69
84
97
21,000
21,500
23
51
75
91
106
21,500
22,000
25
55
81
98
114
22,000
23,000
28
61
90
109
126
23,000
24,000
32
69
102
123
142
24,000
25,000
35
77
114
137
159
25,000
26,000
39
85
126
151
176
26,000
27,000
43
93
137
166
192
27,000
28,000
46
101
149
180
209
28,000
29,000
50
109
161
194
225
29,000
30,000
54
116
174
208
242
30,000
31,000
57
125
185
223
257
31,000
32,000
61
133
197
237
274
32,000
33,000
64
141
209
251
291
33,000
34,000
68
149
221
265
307
34,000
35,000
72
157
232
280
323
35,000
36,000
75
165
244
294
340
36,000
37,000
79
173
256
308
357
37,000
38,000
83
181
268
322
373
38,000
39,000
86
189
280
337
389
39,000
40,000
90
197
292
351
405
40,000
41,000
94
204
304
365
423
41,000
42,000
97
213
316
379
438
42,000
43,000
101
221
327
394
455|
2004-13 I.R.B. 646 March 29, 2004
REV. PROC. 2004–20 TABLE 7
DOLLAR AMOUNTS FOR PASSENGER AUTOMOBILES
(THAT ARE NOT TRUCKS, VANS, OR ELECTRIC AUTOMOBILES)
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| Fair Market Value of Passenger Automobile Over Not Over |
Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease |
|---|---|---|---|---|---|
| Fair Market Value of Passenger Automobile Over Not Over |
1st | 2nd | 3rd | 4th | 5th & Later |
43,000
44,000
105
228
340
408
471
44,000
45,000
108
237
351
422
488
45,000
46,000
112
245
363
436
504
46,000
47,000
115
253
375
451
520
47,000
48,000
119
261
387
464
538
48,000
49,000
123
269
398
479
554
49,000
50,000
126
277
411
493
570
50,000
51,000
130
285
422
508
586
51,000
52,000
134
292
435
522
603
52,000
53,000
137
301
446
536
619
53,000
54,000
141
309
458
550
636
54,000
55,000
145
316
471
564
652
55,000
56,000
148
325
482
578
669
56,000
57,000
152
333
493
593
685
57,000
58,000
155
341
506
607
701
58,000
59,000
159
349
517
622
718
59,000
60,000
163
357
529
636
734
60,000
62,000
168
369
547
657
759
62,000
64,000
176
384
571
686
792
64,000
66,000
183
401
594
714
825
66,000
68,000
190
417
618
743
857
68,000
70,000
197
433
642
771
890
70,000
72,000
205
448
666
800
923
72,000
74,000
212
465
689
828
956
74,000
76,000
219
481
713
856
990
76,000
78,000
227
496
738
884
1,022
78,000
80,000
234
513
760
914
1,055
80,000
85,000
247
540
803
963
1,112
85,000
90,000
265
580
862
1,035
1,194
90,000
95,000
283
621
921
1,105
1,277
95,000
100,000
301
661
980
1,177
1,359
100,000
110,000
328
721
1,069
1,284
1,482
110,000
120,000
365
800
1,189
1,426
1,646
120,000
130,000
401
881
1,307
1,568
1,811
130,000
140,000
438
960
1,426
1,711
1,975
140,000
150,000
474
1,041
1,544
1,853
2,140
150,000
160,000
511
1,120
1,663
1,996
2,304
160,000
170,000
547
1,200
1,782
2,138
2,468
170,000
180,000
583
1,281
1,900
2,280
2,633
180,000
190,000
620
1,360
2,020
2,422
2,797
190,000
200,000
656
1,440
2,139
2,564
2,962
200,000
210,000
693
1,520
2,257
2,707
3,126
210,000
220,000
729
1,600
2,376
2,849
3,291
220,000
230,000
765
1,681
2,494
2,991
3,455
230,000
240,000
802
1,760
2,613
3,134
3,619
240,000
250,000
838
1,840
2,732
3,276
3,784
March 29, 2004 647 2004-13 I.R.B.
REV. PROC. 2004–20 TABLE 8
DOLLAR AMOUNTS FOR TRUCKS AND VANS
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| Fair Market Value of Truck or Van Over Not Over |
Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease |
|---|---|---|---|---|---|
| Fair Market Value of Truck or Van Over Not Over |
1st | 2nd | 3rd | 4th | 5th and Later |
$18,000
$18,500
7
15
21
26
30
18,500
19,000
9
18
28
33
38
19,000
19,500
11
22
34
40
47
19,500
20,000
13
26
39
48
55
20,000
20,500
14
31
45
54
63
20,500
21,000
16
35
51
61
72
21,000
21,500
18
38
58
68
80
21,500
22,000
20
42
63
76
88
22,000
23,000
23
48
72
87
100
23,000
24,000
26
57
83
101
117
24,000
25,000
30
64
96
115
133
25,000
26,000
34
72
108
129
149
26,000
27,000
37
81
119
143
166
27,000
28,000
41
88
132
157
183
28,000
29,000
44
97
143
172
198
29,000
30,000
48
104
155
187
215
30,000
31,000
52
112
167
201
231
31,000
32,000
55
121
178
215
248
32,000
33,000
59
128
191
229
264
33,000
34,000
63
136
203
243
281
34,000
35,000
66
145
214
257
298
35,000
36,000
70
152
227
271
314
36,000
37,000
74
160
238
286
330
37,000
38,000
77
169
249
301
346
38,000
39,000
81
176
262
314
364
39,000
40,000
84
185
273
329
379
40,000
41,000
88
192
286
343
396
41,000
42,000
92
200
298
357
412
42,000
43,000
95
209
309
371
429
43,000
44,000
99
216
322
385
445
44,000
45,000
103
224
333
400
462
45,000
46,000
106
233
345
413
479
46,000
47,000
110
240
357
428
495
47,000
48,000
114
248
369
442
511
48,000
49,000
117
257
380
457
527
49,000
50,000
121
264
393
471
544
50,000
51,000
125
272
404
486
560
51,000
52,000
128
280
417
499
577
52,000
53,000
132
288
428
514
593
53,000
54,000
135
297
440
527
610
54,000
55,000
139
304
452
542
626
55,000
56,000
143
312
464
556
643
56,000
57,000
146
321
475
571
659
57,000
58,000
150
328
488
585
675
58,000
59,000
154
336
499
600
691
59,000
60,000
157
345
511
613
708
60,000
62,000
163
356
529
635
733
62,000
64,000
170
372
553
663
766
64,000
66,000
177
389
576
692
798
66,000
68,000
185
404
600
720
832
68,000
70,000
192
420
624
749
864
70,000
72,000
199
436
648
777
897
72,000
74,000
206
453
671
805
931
74,000
76,000
214
468
695
834
963
76,000
78,000
221
484
719
863
996
2004-13 I.R.B. 648 March 29, 2004
REV. PROC. 2004–20 TABLE 8
DOLLAR AMOUNTS FOR TRUCKS AND VANS
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| Fair Market Value of Truck or Van Over Not Over |
Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease |
|---|---|---|---|---|---|
| Fair Market Value of Truck or Van Over Not Over |
1st | 2nd | 3rd | 4th | 5th and Later |
REV. PROC. 2004–20 TABLE 8
DOLLAR AMOUNTS FOR TRUCKS AND VANS
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| 78,000 80,000 228 501 742 891 1,029 80,000 85,000 241 528 785 940 1,087 85,000 90,000 259 568 844 1,012 1,168 90,000 95,000 277 609 902 1,084 1,250 95,000 100,000 296 648 962 1,155 1,333 100,000 110,000 323 708 1,052 1,261 1,456 110,000 120,000 359 788 1,171 1,403 1,620 120,000 130,000 396 868 1,289 1,546 1,785 130,000 140,000 432 948 1,408 1,688 1,949 140,000 150,000 469 1,028 1,526 1,831 2,113 150,000 160,000 505 1,108 1,645 1,973 2,278 160,000 170,000 541 1,188 1,764 2,115 2,443 170,000 180,000 578 1,268 1,882 2,258 2,607 180,000 190,000 614 1,348 2,001 2,400 2,771 190,000 200,000 651 1,428 2,120 2,542 2,936 200,000 210,000 687 1,508 2,239 2,684 3,100 210,000 220,000 724 1,588 2,357 2,827 3,264 220,000 230,000 760 1,668 2,476 2,969 3,429 230,000 240,000 796 1,748 2,595 3,112 3,593 240,000 250,000 833 1,828 2,713 3,254 3,758 |
78,000 80,000 228 501 742 891 1,029 80,000 85,000 241 528 785 940 1,087 85,000 90,000 259 568 844 1,012 1,168 90,000 95,000 277 609 902 1,084 1,250 95,000 100,000 296 648 962 1,155 1,333 100,000 110,000 323 708 1,052 1,261 1,456 110,000 120,000 359 788 1,171 1,403 1,620 120,000 130,000 396 868 1,289 1,546 1,785 130,000 140,000 432 948 1,408 1,688 1,949 140,000 150,000 469 1,028 1,526 1,831 2,113 150,000 160,000 505 1,108 1,645 1,973 2,278 160,000 170,000 541 1,188 1,764 2,115 2,443 170,000 180,000 578 1,268 1,882 2,258 2,607 180,000 190,000 614 1,348 2,001 2,400 2,771 190,000 200,000 651 1,428 2,120 2,542 2,936 200,000 210,000 687 1,508 2,239 2,684 3,100 210,000 220,000 724 1,588 2,357 2,827 3,264 220,000 230,000 760 1,668 2,476 2,969 3,429 230,000 240,000 796 1,748 2,595 3,112 3,593 240,000 250,000 833 1,828 2,713 3,254 3,758 |
78,000 80,000 228 501 742 891 1,029 80,000 85,000 241 528 785 940 1,087 85,000 90,000 259 568 844 1,012 1,168 90,000 95,000 277 609 902 1,084 1,250 95,000 100,000 296 648 962 1,155 1,333 100,000 110,000 323 708 1,052 1,261 1,456 110,000 120,000 359 788 1,171 1,403 1,620 120,000 130,000 396 868 1,289 1,546 1,785 130,000 140,000 432 948 1,408 1,688 1,949 140,000 150,000 469 1,028 1,526 1,831 2,113 150,000 160,000 505 1,108 1,645 1,973 2,278 160,000 170,000 541 1,188 1,764 2,115 2,443 170,000 180,000 578 1,268 1,882 2,258 2,607 180,000 190,000 614 1,348 2,001 2,400 2,771 190,000 200,000 651 1,428 2,120 2,542 2,936 200,000 210,000 687 1,508 2,239 2,684 3,100 210,000 220,000 724 1,588 2,357 2,827 3,264 220,000 230,000 760 1,668 2,476 2,969 3,429 230,000 240,000 796 1,748 2,595 3,112 3,593 240,000 250,000 833 1,828 2,713 3,254 3,758 |
78,000 80,000 228 501 742 891 1,029 80,000 85,000 241 528 785 940 1,087 85,000 90,000 259 568 844 1,012 1,168 90,000 95,000 277 609 902 1,084 1,250 95,000 100,000 296 648 962 1,155 1,333 100,000 110,000 323 708 1,052 1,261 1,456 110,000 120,000 359 788 1,171 1,403 1,620 120,000 130,000 396 868 1,289 1,546 1,785 130,000 140,000 432 948 1,408 1,688 1,949 140,000 150,000 469 1,028 1,526 1,831 2,113 150,000 160,000 505 1,108 1,645 1,973 2,278 160,000 170,000 541 1,188 1,764 2,115 2,443 170,000 180,000 578 1,268 1,882 2,258 2,607 180,000 190,000 614 1,348 2,001 2,400 2,771 190,000 200,000 651 1,428 2,120 2,542 2,936 200,000 210,000 687 1,508 2,239 2,684 3,100 210,000 220,000 724 1,588 2,357 2,827 3,264 220,000 230,000 760 1,668 2,476 2,969 3,429 230,000 240,000 796 1,748 2,595 3,112 3,593 240,000 250,000 833 1,828 2,713 3,254 3,758 |
78,000 80,000 228 501 742 891 1,029 80,000 85,000 241 528 785 940 1,087 85,000 90,000 259 568 844 1,012 1,168 90,000 95,000 277 609 902 1,084 1,250 95,000 100,000 296 648 962 1,155 1,333 100,000 110,000 323 708 1,052 1,261 1,456 110,000 120,000 359 788 1,171 1,403 1,620 120,000 130,000 396 868 1,289 1,546 1,785 130,000 140,000 432 948 1,408 1,688 1,949 140,000 150,000 469 1,028 1,526 1,831 2,113 150,000 160,000 505 1,108 1,645 1,973 2,278 160,000 170,000 541 1,188 1,764 2,115 2,443 170,000 180,000 578 1,268 1,882 2,258 2,607 |
|---|
180,000
190,000
614
1,348
2,001
2,400
2,771
190,000
200,000
651
1,428
2,120
2,542
2,936
200,000
210,000
687
1,508
2,239
2,684
3,100
210,000
220,000
724
1,588
2,357
2,827
3,264
220,000
230,000
760
1,668
2,476
2,969
3,429
230,000
240,000
796
1,748
2,595
3,112
3,593
240,000
250,000
833
1,828
2,713
3,254
3,758|78,000
80,000
228
501
742
891
1,029
80,000
85,000
241
528
785
940
1,087
85,000
90,000
259
568
844
1,012
1,168
90,000
95,000
277
609
902
1,084
1,250
95,000
100,000
296
648
962
1,155
1,333
100,000
110,000
323
708
1,052
1,261
1,456
110,000
120,000
359
788
1,171
1,403
1,620
120,000
130,000
396
868
1,289
1,546
1,785
130,000
140,000
432
948
1,408
1,688
1,949
140,000
150,000
469
1,028
1,526
1,831
2,113
150,000
160,000
505
1,108
1,645
1,973
2,278
160,000
170,000
541
1,188
1,764
2,115
2,443
170,000
180,000
578
1,268
1,882
2,258
2,607
180,000
190,000
614
1,348
2,001
2,400
2,771
190,000
200,000
651
1,428
2,120
2,542
2,936
200,000
210,000
687
1,508
2,239
2,684
3,100
210,000
220,000
724
1,588
2,357
2,827
3,264
220,000
230,000
760
1,668
2,476
2,969
3,429
230,000
240,000
796
1,748
2,595
3,112
3,593
240,000
250,000
833
1,828
2,713
3,254
3,758|
REV. PROC. 2004–20 TABLE 9
DOLLAR AMOUNTS FOR ELECTRIC AUTOMOBILES
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| Fair Market Value of Electric Automobile Over Not Over |
Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease |
|---|---|---|---|---|---|
| Fair Market Value of Electric Automobile Over Not Over |
1st | 2nd | 3rd | 4th | 5th and Later |
REV. PROC. 2004–20 TABLE 8
DOLLAR AMOUNTS FOR TRUCKS AND VANS
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| $53,000 $54,000 33 72 106 127 147 54,000 55,000 37 79 118 142 164 55,000 56,000 40 88 130 155 180 56,000 57,000 44 96 141 170 197 57,000 58,000 48 103 154 184 213 58,000 59,000 51 112 165 199 229 59,000 60,000 55 120 177 213 245 60,000 62,000 60 132 195 234 270 62,000 64,000 68 147 219 263 303 64,000 66,000 75 164 242 291 336 66,000 68,000 82 180 266 320 369 68,000 70,000 90 195 290 348 402 70,000 72,000 97 211 314 377 435 72,000 74,000 104 228 337 405 468 74,000 76,000 111 244 361 434 500 76,000 78,000 119 259 385 462 534 78,000 80,000 126 275 409 491 566 80,000 85,000 139 303 451 540 624 85,000 90,000 157 343 510 612 706 90,000 95,000 175 384 569 682 788 95,000 100,000 193 424 628 754 870 100,000 110,000 221 483 718 860 994 110,000 120,000 257 563 837 1,003 1,158 120,000 130,000 294 643 955 1,145 1,323 130,000 140,000 330 723 1,074 1,288 1,486 |
$53,000 $54,000 33 72 106 127 147 54,000 55,000 37 79 118 142 164 55,000 56,000 40 88 130 155 180 56,000 57,000 44 96 141 170 197 57,000 58,000 48 103 154 184 213 58,000 59,000 51 112 165 199 229 59,000 60,000 55 120 177 213 245 60,000 62,000 60 132 195 234 270 62,000 64,000 68 147 219 263 303 64,000 66,000 75 164 242 291 336 66,000 68,000 82 180 266 320 369 68,000 70,000 90 195 290 348 402 70,000 72,000 97 211 314 377 435 72,000 74,000 104 228 337 405 468 74,000 76,000 111 244 361 434 500 76,000 78,000 119 259 385 462 534 78,000 80,000 126 275 409 491 566 80,000 85,000 139 303 451 540 624 85,000 90,000 157 343 510 612 706 90,000 95,000 175 384 569 682 788 95,000 100,000 193 424 628 754 870 100,000 110,000 221 483 718 860 994 110,000 120,000 257 563 837 1,003 1,158 120,000 130,000 294 643 955 1,145 1,323 130,000 140,000 330 723 1,074 1,288 1,486 |
$53,000 $54,000 33 72 106 127 147 54,000 55,000 37 79 118 142 164 55,000 56,000 40 88 130 155 180 56,000 57,000 44 96 141 170 197 57,000 58,000 48 103 154 184 213 58,000 59,000 51 112 165 199 229 59,000 60,000 55 120 177 213 245 60,000 62,000 60 132 195 234 270 62,000 64,000 68 147 219 263 303 64,000 66,000 75 164 242 291 336 66,000 68,000 82 180 266 320 369 68,000 70,000 90 195 290 348 402 70,000 72,000 97 211 314 377 435 72,000 74,000 104 228 337 405 468 74,000 76,000 111 244 361 434 500 76,000 78,000 119 259 385 462 534 78,000 80,000 126 275 409 491 566 80,000 85,000 139 303 451 540 624 85,000 90,000 157 343 510 612 706 90,000 95,000 175 384 569 682 788 95,000 100,000 193 424 628 754 870 100,000 110,000 221 483 718 860 994 110,000 120,000 257 563 837 1,003 1,158 120,000 130,000 294 643 955 1,145 1,323 130,000 140,000 330 723 1,074 1,288 1,486 |
$53,000 $54,000 33 72 106 127 147 54,000 55,000 37 79 118 142 164 55,000 56,000 40 88 130 155 180 56,000 57,000 44 96 141 170 197 57,000 58,000 48 103 154 184 213 58,000 59,000 51 112 165 199 229 59,000 60,000 55 120 177 213 245 60,000 62,000 60 132 195 234 270 62,000 64,000 68 147 219 263 303 64,000 66,000 75 164 242 291 336 66,000 68,000 82 180 266 320 369 68,000 70,000 90 195 290 348 402 70,000 72,000 97 211 314 377 435 72,000 74,000 104 228 337 405 468 74,000 76,000 111 244 361 434 500 76,000 78,000 119 259 385 462 534 78,000 80,000 126 275 409 491 566 80,000 85,000 139 303 451 540 624 85,000 90,000 157 343 510 612 706 90,000 95,000 175 384 569 682 788 95,000 100,000 193 424 628 754 870 100,000 110,000 221 483 718 860 994 110,000 120,000 257 563 837 1,003 1,158 120,000 130,000 294 643 955 1,145 1,323 130,000 140,000 330 723 1,074 1,288 1,486 |
$53,000 $54,000 33 72 106 127 147 54,000 55,000 37 79 118 142 164 55,000 56,000 40 88 130 155 180 56,000 57,000 44 96 141 170 197 57,000 58,000 48 103 154 184 213 58,000 59,000 51 112 165 |
|---|
199
229
59,000
60,000
55
120
177
213
245
60,000
62,000
60
132
195
234
270
62,000
64,000
68
147
219
263
303
64,000
66,000
75
164
242
291
336
66,000
68,000
82
180
266
320
369
68,000
70,000
90
195
290
348
402
70,000
72,000
97
211
314
377
435
72,000
74,000
104
228
337
405
468
74,000
76,000
111
244
361
434
500
76,000
78,000
119
259
385
462
534
78,000
80,000
126
275
409
491
566
80,000
85,000
139
303
451
540
624
85,000
90,000
157
343
510
612
706
90,000
95,000
175
384
569
682
788
95,000
100,000
193
424
628
754
870
100,000
110,000
221
483
718
860
994
110,000
120,000
257
563
837
1,003
1,158
120,000
130,000
294
643
955
1,145
1,323
130,000
140,000
330
723
1,074
1,288
1,486|$53,000
$54,000
33
72
106
127
147
54,000
55,000
37
79
118
142
164
55,000
56,000
40
88
130
155
180
56,000
57,000
44
96
141
170
197
57,000
58,000
48
103
154
184
213
58,000
59,000
51
112
165
199
229
59,000
60,000
55
120
177
213
245
60,000
62,000
60
132
195
234
270
62,000
64,000
68
147
219
263
303
64,000
66,000
75
164
242
291
336
66,000
68,000
82
180
266
320
369
68,000
70,000
90
195
290
348
402
70,000
72,000
97
211
314
377
435
72,000
74,000
104
228
337
405
468
74,000
76,000
111
244
361
434
500
76,000
78,000
119
259
385
462
534
78,000
80,000
126
275
409
491
566
80,000
85,000
139
303
451
540
624
85,000
90,000
157
343
510
612
706
90,000
95,000
175
384
569
682
788
95,000
100,000
193
424
628
754
870
100,000
110,000
221
483
718
860
994
110,000
120,000
257
563
837
1,003
1,158
120,000
130,000
294
643
955
1,145
1,323
130,000
140,000
330
723
1,074
1,288
1,486|
March 29, 2004 649 2004-13 I.R.B.
REV. PROC. 2004–20 TABLE 9
DOLLAR AMOUNTS FOR ELECTRIC AUTOMOBILES
WITH A LEASE TERM BEGINNING IN CALENDAR YEAR 2004
| Fair Market Value of Electric Automobile Over Not Over |
Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease | Tax Year During Lease |
|---|---|---|---|---|---|
| Fair Market Value of Electric Automobile Over Not Over |
1st | 2nd | 3rd | 4th | 5th and Later |
| 140,000 150,000 366 804 1,192 1,430 1,651 150,000 160,000 403 883 1,311 1,573 1,815 160,000 170,000 439 963 1,430 1,715 1,980 170,000 180,000 476 1,043 1,549 1,857 2,144 180,000 190,000 512 1,123 1,668 1,999 2,309 190,000 200,000 548 1,203 1,786 2,142 2,473 200,000 210,000 585 1,283 1,905 2,284 2,637 210,000 220,000 621 1,363 2,024 2,426 2,802 220,000 230,000 658 1,443 2,142 2,569 2,966 230,000 240,000 694 1,523 2,261 2,711 3,131 240,000 250,000 730 1,603 2,380 2,854 3,294 |
payer during calendar year 2004, and to employer-provided passenger automobiles first made available to employees for personal use in calendar year 2004.
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