Sections 1.61-21(d) and (e) provide special valuation rules for employers to use in determining the amount to include in employee income for personal use of employer-provided vehicles. However, employers can only use these rules for vehicles with fair market values that do not exceed a certain amount. Consistent with changes made to the Code by section 13202(a)(1) of the Tax Cuts and Jobs Act, Pub. L. 115-97), these regulations increase the maximum fair market value of a vehicle that can use the section 1.61-21(d) and (e) special valuation rules for 2018 and subsequent years.