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Notice 2024-08

SECTION 5. MAXIMUM

Internal Revenue Bulletin 2024-2 · 2026-10-03 edition · updated 2026-10-04 · United States

STANDARD AUTOMOBILE COST

For purposes of computing the allowance under a FAVR plan, the standard automobile cost may not exceed $62,000 for automobiles (including trucks and vans). See section 6.02(6) of Rev. Proc. 2019-46.

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▸Contents — Internal Revenue Bulletin 2024-2
Internal Revenue Bulletin 2024-2

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