| Pub. 15-B, Employer's Tax Guide to Fringe Benefits |
2005 Tax Year |
Publication 15-B - Introductory Material
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 2006 is
44.5 cents a mile. See Cents-Per-Mile Rule in section 3.
Increase in qualified parking exclusion and no change to commuter transportation benefit. For 2006, the monthly exclusion for qualified parking increases to $205 and the monthly exclusion for commuter highway vehicle
transportation and
transit passes remains at $105. See Qualified Transportation Benefits in section 2.
Katrina Emergency Tax Relief Act of 2005. This Act provides tax relief for persons affected by Hurricane Katrina. Under the Act, your employees may be entitled to loans
and tax-favored
withdrawals from retirement plans, recontributions of withdrawals to retirement plans, and other benefits not covered in this
publication. For more
information, see Publication 4492, Tax Information Related to Hurricane Katrina.
This publication supplements Publication 15, (Circular E), 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.
We welcome your comments about this publication and your suggestions for future editions. You can email us while visiting
our website at
www.irs.gov. You can write to us at the following address:
Internal Revenue Service
Tax Products Coordinating Committee
SE:W:CAR:MP:T:T:SP
1111 Constitution Ave. NW, IR-6406
Washington, DC 20224
We respond to many letters by telephone. It would be helpful if you would include your daytime phone number, including
the area code, in your
correspondence.
Photographs of missing children.
The Internal Revenue Service is a proud partner with the National Center for Missing and Exploited Children. Photographs
of missing children
selected by the Center may appear in this publication on pages that would otherwise be blank. You can help bring these children
home by looking at the
photographs and calling 1-800-THE-LOST (1-800-843-5678) if you recognize a child.
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