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Rev. Rul. 2018-26: Fringe benefit aircraft valuations, second half 2018

U.S. fringe benefits

IRS guidance—Rev. Rul. 2018-26—provides information for use in determining the value of noncommercial flights on employer-provided aircraft for the second half of 2018.

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Rev. Rul. 2018-26 appears in the Internal Revenue Bulletin 2018-40 [PDF 190 KB] dated Monday, October 1, 2018, and provides the following:

 

Period during which the flight is taken  Terminal charge Standard industry fare level (SIFL) mileage rates
July 1, 2018 - December 31, 2018 $42.88
  • Up to 500 miles = $0.2346 per mile
  • 501 - 1500 miles = $0.1788 per mile
  • Over 1500 miles = $0.1719 per mile

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