SIFL rates issued for the second half of 2018

The Department of Transportation has released the applicable terminal charge and standard industry fare level (SIFL) mileage rates for July 1, 2018 through December 31, 2018. These rates will be used by the IRS to determine the value of noncommercial flights on employer-provided aircraft. The terminal charge is $42.88. The SIFL rates are $.2346 per mile for the first 500 miles; $.1788 per mile for 501 miles through 1,500 miles; and $.1719 per mile for miles over 1,500. (U.S. Department of Transportation, Attachment B, August 6, 2018.)

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