The chart below defines the Internal Revenue Service (IRS) fair market value limits for personal use valuation as defined by the IRS Cents-Per-Mile Value Limit.
If fair market value of the vehicle when first made available to the employee:
For more information on personal use of company-provided vehicle, refer to the document RF Travel Handbook.
Year |
Type |
Limit |
2017 |
Passenger automobile |
$15,900 |
2017 |
Truck or van |
$17,800 |
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