Notice 2018-09 - Notice 2018–09

Notice 2018–09

Maximum Vehicle Values for 2017 for Use With Vehicle Cents-Per-Mile and Fleet-Average Valuation Rules

PURPOSE

This notice provides the maximum vehicle values for 2018 that taxpayers need to determine the value of personal use of employer-provided vehicles under the special valuation rules provided under section 1.61–21 (d) and (e) of the Income Tax Regulations.

MAXIMUM VEHICLE VALUES

The maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2018 for which the vehicle cents-per-mile valuation rule provided under Regulation section 1.61–21(e) may be applicable is $15,600 for a passenger automobile and $17,600 for a truck or van.

The maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2018 for which the fleet-average valuation rule provided under Regulation section 1.61–21(d) may be applicable is $20,600 for a passenger automobile and $23,100 for a truck or van.

EFFECTIVE DATE

This notice applies to employer-provided passenger automobiles first made available to employees for personal use in calendar year 2018.

DRAFTING INFORMATION

The principal author of this notice is Kathleen Edmondson of the Office of Associate Chief Counsel (Tax Exempt & Government Entities). For further information on this notice contact Ms. Edmondson on (202) 317-6798 (not a toll-free number).