Rev. Proc. 2019-46, 2019-49 I.R.B.
SECTION 5. MAXIMUM STANDARD
Internal Revenue Bulletin 2021-3 · 2026-10-03 edition · updated 2026-10-04 · United States
AUTOMOBILE COST
For purposes of computing the allowance under a FAVR plan, the standard automobile cost may not exceed $51,100 for
January 19, 2021 478 Bulletin No. 2021–3
automobiles (including trucks and vans). See section 6.02(6) of Rev. Proc. 2019-46.
Get a plain-English answer with a citation back to this text.
Ask AI about this code