If you are an employer and you provide a vehicle to an employee for an entire year, you may value the use of that vehicle (a fringe benefit to your employee) by using the vehicle's annual lease value. A vehicle's annual lease value is based on the fair market value of the vehicle when it is first available for personal use and is determined under an annual lease table provided by the IRS. The table is based on a four-year lease term. The attached file contains the annual lease table as well as an example which shows how to use the table to value an employee's use of a vehicle.
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Annual lease table