SIFL rates issued for the second half of 2015

The Department of Transportation has released the applicable terminal charge and standard industry fare level (SIFL) mileage rates for July 1, 2015, through December 31, 2015. These rates will be used by the IRS to determine the value of noncommercial flights on employer-provided aircraft. The terminal charge is $42.79. The SIFL rates are $.2341 per mile for the first 500 miles; $.1785 per mile for 501 miles through 1,500 miles; and $.1716 per mile for miles over 1,500. (U.S. Department of Transportation, Attachment B, March 2015, updated August 10, 2015.)

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