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If you are an employer that provides a vehicle to an employee for an entire year, you may value the employee's use of that vehicle 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. The table is based on a four-year lease term.
This table is provided by the IRS in the annually updated Publication 15-B, Employer's Tax Guide to Fringe Benefits.