SIFL rates issued for the second half of 2017

The Department of Transportation has released the applicable terminal charge and standard industry fare level (SIFL) mileage rates for July 1, 2017, through December 31, 2017. These rates will be used by the IRS to determine the value of noncommercial flights on employer-provided aircraft. The terminal charge is $40.63. The SIFL rates are $.2222 per mile for the first 500 miles; $.1694 per mile for 501 miles through 1,500 miles; and $.1629 per mile for miles over 1,500. (U.S. Department of Transportation, Attachment B, March 2017, updated August 17, 2017.)

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