US · guidance
Rev. Rul. 2026-8, 2026-16 I.R.B. 812
Section 61. Gross Income Defined
For purposes of the taxation of fringe benefits under section 61 of the Internal Revenue Code, section 1.61-21(g) of the Income Tax Regulations provides a rule for valuing noncommercial flights on employer-provided aircraft. Section 1.61-21(g)(5) provides an aircraft valuation formula to determine the value of such flights. The value of a flight is determined under the base aircraft valuation formula (also known as the Standard Industry Fare Level formula or SIFL) by multiplying the SIFL cents-per-mile rates applicable for the period during which the flight was taken by the appropriate aircraft multiple provided in section 1.61-21(g)(7) and then adding the applicable terminal charge. The SIFL cents-per-mile rates in the formula and the terminal charge are calculated by the Department of Transportation (DOT) and are reviewed semi-annually.
The following chart sets forth the terminal charge and SIFL mileage rates:
Period During Which Terminal SIFL Mileage
the Flight Is Taken Charge Rates
1/1/26 - 6/30/26 $54.48 Up to 500 miles
= $.2980 per mile
501-1500 miles
= $.2272 per mile
Over 1500 miles
= $.2184 per mile
DRAFTING INFORMATION
The principal author of this revenue ruling is Kathleen Edmondson of the Office of Associate Chief Counsel (Employee Benefits, Exempt Organizations and Employment Taxes). For further information regarding this revenue ruling, contact Ms. Edmondson at (202) 317-6798 (not a toll-free call).
History
Revenue Ruling published in Internal Revenue Bulletin 2026-16, April 13, 2026, at page 812. It states no effective date of its own; this row opens at the bulletin's publication date. Filed under I.R.C. § 61 (Section 61. Gross Income Defined).
Provenance
- Source
- irs.gov
- Retrieved
- 2026-09-20
- Edition
- irs-irb-2026-09-20
- Content hash
4b8a6a6f0cf7ef21d0e518ca4b202ab4625aef186eaa6c19e5de914a39a91619
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