SIFL rates issued for the second half of 2016

The Department of Transportation has released the applicable terminal charge and standard industry fare level (SIFL) mileage rates for July 1, 2016, through December 31, 2016. These rates will be used by the IRS to determine the value of noncommercial flights on employer-provided aircraft. The terminal charge is $37.68. The SIFL rates are $.2061 per mile for the first 500 miles; $.1572 per mile for 501 miles through 1,500 miles; and $.1511 per mile for miles over 1,500. (U.S. Department of Transportation, Attachment B, March 2016, updated August 23, 2016.)

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