Rev. Rul. 2020-21: Fringe benefit aircraft valuations, second half 2020

Rev. Rul. 2020-21: Fringe benefit aircraft valuations

IRS guidance—Rev. Rul. 2020-21—provides information for use in determining the value of noncommercial flights on employer-provided aircraft for the second half of 2020.


Rev. Rul. 2020-21 appears in the Internal Revenue Bulletin 2020-41 [PDF 1.2 MB] dated Monday, October 5, 2020, and provides the following:

Period during which the flight is taken

Terminal charge Standard industry fare level (SIFL) mileage rates

July 1, 2020 – December 31, 2020

• $42.62

• Up to 500 miles = $0.2331 per mile

• 501 - 1500 miles = $0.1778 per mile

• Over 1500 miles = $0.1709 per mile

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