Vision Payroll

August 11, 2010

Tip of the Week: US Department of Transportation Issues Updated Standard Industry Fare Level Rates

DOT Releases SIFL Rates for Second Half of 2010
DOT Releases SIFL Rates for Second Half of 2010
The United States Department of Transportation (DOT) recently released updated Standard Industry Fare Level (SIFL) rates which are used to value employee personal use of company aircraft. The revised rates are 22.43¢ per mile for 500 or fewer miles traveled, 17.10¢ per mile for greater than 500 miles traveled and up to 1,500 miles traveled, and 16.44¢ per mile for greater than 1,500 miles traveled. The terminal charge is $41.00. These rates apply to the period from July 1, 2010 to December 31, 2010.

Contact Vision Payroll if you have any questions on SIFL changes.

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