Alpha Leasing Company
Taxable Value of Personal Use of Employer Provided Vehicle
How much income should be shown on the W2?
This calculator will help you determine how much income you need to show on an employee's W2 for the personal use of a vehicle provided by the employer.  There are three methods available for calculating this amount.  There are specific rules for when you use each of these methods.  Please click here for a summary of the rules.

While we give you some guidance here, it is beyond the scope of this calculator to definitively determine which method you need to use.  Please check with your CPA or other financial expert to get exact numbers if your situation is more complicated.
Start the calculator by choose a calculation method
Calculation Method
Miles   Commuting  Lease Value

     
 
Year Placed In Service    
Value of Vehicle When First Placed in Service   
Year W2 to be calculated    
Vehicle Type:   
Total Miles Driven During Year   
Personal Miles Driven During Year   
 
Cents Per Mile:   
Total Amount to W2:   
Number of one-way commuting trips from home to office or first duty station of the day.
Number of one-way commuting trips to home from office or last duty station of the day.
 
Total Number of Trips
Total Amount to W2 at $1.50 per trip
Vehicle Ownership Type
Purchase Price (Including Sales Tax)
Cap Cost
MSRP
Sales Tax Rate
Invoice
Retail Value from Recognized Pricing Source
Total Miles Driven During Year   
Personal Miles Driven During Year   
Fuel Valuation Method:
Total Cost of Fuel
 
Annual Lease Value (ALV)
% Personal Use
Personal  ALV Amount
Personal Fuel Amount
Total Amount to W2
 
   
215 S HURSTBOURNE PKWY, SUITE 103  •  Louisville, KY 40222  •  PHONE: 800-800-5327 • fax: (502) 426-2793 •  email: Info@alphaleasing.com