WebDec 7, 2015 · The SIFL has two parts: a mileage computation, usingthree ranges of statute miles and a terminal charge. Thethree ranges of statute mileage – 0 to 500, 501 to 1,500,and over 1,500 – have their own cents-per-mile value. Web4/6/20 standard industry fare level (SIFL) cents-per-mile rates and terminal charge for first half of 2024 per Regs. Sec. 1.61-21(g) 61 Rev. Rul. 2024-11 4/15/20 provides various prescribed rates for federal income tax purposes including applicable federal interest rates, adjusted applicable federal interest rates , adjusted federal long-

Historic Standard Industry Fare Level (SIFL) Rates

WebApr 5, 2024 · The Standard Industry Fare Level (SIFL) rates and terminal charge for flights taken during first half of 2024 for valuing noncommercial flights on employer-provided … WebJul 1, 2024 · Standard Industry Fare Levels (SIFL) is used in combination with the Terminal Charge to compute a traveler’s imputed income for personal travel. ... Use FT Primus to track your SIFL charges for your passengers. July 1, 2024 – December 31, 2024. Mileage Range. Terminal; 0-500 Miles; 501-1500 dylan harper father

Employee Direct Deposit Enrollment Form Adp

WebJul 15, 2024 · SIFL Rate section - SIFL rates change on a period to period basis. The correct values are entered as cents per mile (0.2144). In the example below, Rate 1 reads 21.44 … WebThe 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. According to DOT, … WebJun 30, 2024 · The amount of income to be imputed to an employee under the SIFL methodology is calculated by computing the SIFL charge for the length of the trip (using the SIFL rates in effect when the flight occurred), applying the appropriate multiple for the type of employee and aircraft to the total, and then adding the terminal fee. crystal shop alexandria va