IRS Publishes SIFL Rates for First Half of 2018
In Revenue Ruling 2018-10 the IRS has announced the rates and terminal charges for noncommercial flights for the first half of 2018. These numbers may be used under IRC §1.61-21(g)(5) to determine the value of such flights on employer-provided aircraft for compensation purposes.
The rates, which are changed semi-annually, are the following for the first half of 2018:
Period During Which the Flight Is Taken | Terminal Charge | SIFL Mileage Rates |
---|---|---|
1/1/18 - 6/30/18 | $41.71 | Up to 500 miles $.2282 per mile 501–1500 miles $.1740 per mile Over 1500 miles $.1673 per mile |