IRS Issues New SIFL Rates

IRS has made available the new Standard Industry Fare Level (SIFL) rates for the first half of 2012 (January 1 through June 30).  The SIFL formula is used in certain instances to determine the value of a noncommercial flight for employment tax purposes.

  • The terminal charge has increased to $44.88 (previously, $43.79).
  • The rate for the first 500 miles of travel is now 24.55¢ per mile (previously, 23.95¢ per mile).
  • The rate for miles 501 to 1,500 is now 18.72¢ per mile (previously, 18.26¢ per mile).
  • The rate for miles traveled over 1,500 is now 18.00¢ per mile (previously, 17.56¢ per mile).

A complete list of the SIFL Fare Formulas (1979 to present) can be viewed at http://ostpxweb.dot.gov/aviation/domfares/siflb.pdf.  Please contact us if we can be of any assistance.

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Bobby M. Bragg

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