(Photo: Trinity Broadcasting Network’s Bombardier Global Express)
Twice per year the Internal Revenue Service (IRS) updates the tax rate charged on “non-commercial flights on employer-provided aircraft” which includes personal flights taken on ministry aircraft.
The latest tax update was announced in the April 10, 2023 edition of the Internal Revenue Bulletin and covers personal flights taken between January 1, 2023 and June 30, 2023.
The tax is comprised of a terminal charge of $52.35 along with an additional tax based on miles of the trip known as Standard Industry Fare Level (SIFL).
SIFL Mileage Rates for the first six months of 2023:
Up to 500 miles = $0.2864 per mile
501-1500 miles = $0.2183 per mile
Over 1500 miles = $0.2099 per mile
Only a handful of televangelists disclose their use of private jets on the IRS Form 990, a financial disclosure document which reveals total revenue, total expenses, and compensation of executives. However, most TV preachers claim a church exemption from this disclosure. This fringe benefit would need to be reported on the televangelist’s personal income tax form 1040 each year.
Schedule J includes a box to checkmark for the use of first-class or charter travel.