kcjenkins Posted January 21, 2009 Report Share Posted January 21, 2009 Maximum Automobile Value for Using the Cents-Per-Mile Valuation Rule For 2008, an employer providing a passenger automobile for the first time for the personal use by an employee may determine the value of the personal use by using the vehicle cents-per-mile value rule if the vehicle's fair market value on the date it is first made available to the employee does not exceed $15,000 for a passenger automobile other than a truck or van, or $15,900 for a truck or van. For more information, see Cents-Per-Mile Rule on page 20 of Publication 15-B, Employer's Tax Guide to Fringe Benefits. --05-MAR-2008 updated 09-JAN-2009 Quote Link to comment Share on other sites More sharing options...
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