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2017 Values for Employer-Provided Vehicles Released

By The CIP Group

April 4, 2021

The IRS has released the maximum vehicle values for 2017 that taxpayers need to determine the value of personal use of employer-provided vehicles under the IRS’s special valuation rules.

2017 Maximum Vehicle Values

  • The maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2017, for which the vehicle cents-per-mile valuation rule provided under IRS Regulation section 1.61–21(e) may be applicable, is $15,900 for a passenger automobile, and $17,800 for a truck or van.

  • The maximum value of employer-provided vehicles first made available to employees for personal use in calendar year 2017, for which the fleet-average valuation rule provided under IRS Regulation section 1.61–21(d) may be applicable, is $21,100 for a passenger automobile, and $23,300 for a truck or van.

Click here to read the IRS release on the 2017 maximum vehicle values.

To learn more about the tax consequences of various employer-provided fringe benefits, visit our Fringe Benefits section.