Old 02-10-2016, 06:40 PM
Senior Member
Join Date: Dec 2014
Posts: 1,086
Likes: 0
Received 454 Likes on 276 Posts

It's considered a taxable fringe benefit by the IRS. So it may not be quite as good as it sounds, employer should be withholding from your paycheck. There are a couple of scenarios to determine how the value of the perk is determined by the IRS, one sets the value at $0.56 per mile. You'll likely need to keep a log of business vs personal use.