The IRS has released Standard Industry Fare Level (SIFL) rates for valuing noncommercial flights on employer-provided aircraft from July 1, 2026, through Dec. 31, 2026. The rates, combined with an adjustment based on the aircraft’s weight and employee’s status, are used to calculate the taxable value of certain personal flights provided as employee fringe benefits. The rates are $0.3225 per mile for the first 500 miles, $0.2459 per mile for 501 through 1,500 miles, and $0.2364 per mile for miles exceeding 1,500. A $58.95 terminal charge also applies. The Dept. of Transportation calculates the SIFL rates and terminal charge. They’re reviewed semiannually. Contact us with questions.
