Publication 15b: Employer's Tax Guide to Fringe Benefits; Publication 15-B Introductory Material

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Table of Contents

Important Changes

Cents-per-mile rule. The standard mileage rate you can use under the cents-per-mile rule to value the personal use of a vehicle you provide to an employee in 2004 is increased to 37.5 cents a mile. See Cents-Per-Mile Rule in section 3.

Increase in qualified parking exclusion. Beginning January 1, 2004, employers can exclude up to $195 per month from an employee's wages for qualified parking. See Qualified Transportation Benefits in section 2.

Introduction

This publication supplements Circular E (Pub. 15), Employer's Tax Guide, and Publication 15-A, Employer's Supplemental Tax Guide. It contains specialized and detailed information on the employment tax treatment of fringe benefits.

Comments and suggestions.

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Publication 15-BIntroductory Material

Important Changes

Introduction

Publication 15-B
Introductory Material