The chart below is used to determine the Annual-Lease Value (ALV) based on the fair market value of a vehicle. It is mandatory that the ALV method is used when the fair market value of the vehicle exceeds the IRS Cents-Per-Mile Value Limit when first made available to the employee.
Note: For vehicles that do not exceed the limit, the ALV method or the Fixed-Rate-Per-Mile method may be used. For additional information, please visit - Employer's Tax Guide to Fringe Benefits.
Vehicle Fair Market Value |
Annual Lease Value |
$0 - 999 |
$600 |
$1,000 - 1,999 |
$850 |
$2,000 - 2,999 |
$1,100 |
$3,000 - 3,999 |
$1,350 |
$4,000 - $4,999 |
$1,600 |
$5,000 - $5,999 |
$1,850 |
$6,000 - 6,999 |
$2,100 |
$7,000 - 7,999 |
$2,350 |
$8,000 - 8,999 |
$2,600 |
$9,000 - 9,999 |
$2,850 |
$10,000 - $10,999 |
$3,100 |
$11,000 - 11,999 |
$3,350 |
$12,000 - 12,999 |
$3,600 |
$13,000 - 13,999 |
$3,850 |
$14,000 - 14,999 |
$4,100 |
$15,000 - 15,999 |
$4,350 |
$16,000 - 16,999 |
$4,600 |
$17,000 - 17,999 |
$4,850 |
$18,000 - 18,999 |
$5,100 |
$19,000 - 19,999 |
$5,350 |
$20,000 - 20,999 |
$5,600 |
$21,000 - 21,999 |
$5,850 |
$22,000 - 22,999 |
$6,100 |
$23,000 - 23,999 |
$6,350 |
$24,000 - 24,999 |
$6,600 |
$25,000 - 25,999 |
$6,850 |
$26,000 - 27,999 |
$7,250 |
$28,000 - 29,999 |
$7,750 |
$30,000 - 31,999 |
$8,250 |
$32,000 - 33,999 |
$8,750 |
$34,000 - 35,999 |
$9,250 |
$36,000 - 37,999 |
$9,750 |
$38,000 - 39,999 |
$10,250 |
$40,000 - 41,999 |
$10,750 |
$42,000 - 43,999 |
$11,250 |
$44,000 - 45,999 |
$11,750 |
$46,000 - 47,999 |
$12,250 |
$48,000 - 48,999 |
$12,750 |
$50,000 - 51,999 |
$13,250 |
$52,000 - 53,999 |
$13,750 |
$54,000 - 55,999 |
$14,250 |
$56,000 - 57,999 |
$14,750 |
$58,000 - 60,000 |
$15,250 |
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