Annual Limitations for Cents-Per-Mile Valuation Rule
You cannot use the cents-per-mile rule for calculating the W2 value for the personal use of a company owned vehicle if its value when you first made it available to any employee for personal reasons is more than an amount determined by the IRS as the maximum automobile value for the year.  The table below lists the maximums since 1990.
Year Car Truck or Van
2018 $15,600 $17,600
2017 $15,900 $17,800
2016 $15,900 $17,700
2015 $16,000 $17,500
2014 $16,000 $17,300
2013 $16,000 $17,000
2012 $15,900 $16,700
2011 $15,300 $16,200
2010 $15,300 $16,000
2009 $15,000 $15,200
2008 $15,000 $15,900
2007 $15,100 $16,100
2006 $15,000 $16,400
2005 $14,800 $16,300
2004 $14,800 $14,800
2003 $15,200 $15,200
2002 $15,300 $15,300
2001 $15,400 $15,400
2000 $15,400 $15,400
1999 $15,500 $15,500
1998 $15,600 $15,600
1997 $15,700 $15,700
1996 $15,400 $15,400