Determination of the Maximum Value of a Vehicle for Use With the Fleet-Average and Vehicle Cents-per-Mile Valuation Rules

Summary

The IRS has proposed new regulations for employers and employees to value employer-provided vehicles for tax purposes, reflecting changes made by the Tax Cuts and Jobs Act. The proposed rules aim to simplify the process of determining the maximum value of a vehicle for personal use.

Original source language: Federal Register — Department of the TreasuryOpen original release →

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