The overlooked tax deduction worth thousands
No one would purposefully let thousands of dollars that are owed them each year go by the wayside. Yet, that is precisely what most professional pilots do when it comes to their taxes.
As an aviation employee, you can deduct certain expenses that you incur for your job. Pilots just happen to have several that are extremely lucrative. The biggest one of these is typically something that people in the industry call the per diem deduction.
The per diem deduction refers to how employees can write off expenses for their meals and incidentals while on work-related travel. For pilots, this is much higher than it is for the average person because of certain rules that apply to transportation workers in IRS Publication 463.
EZPerDiem.com and EZCrewTax.com are two great tax services that specialize in flight crew tax preparation.
EZPerDiem is tax software that calculates the per diem deduction instantly online, and it can be used with TurboTax, TaxCut, or TaxAct software, or even your own tax preparer.
EZCrewTax also calculates all of the same tax deductions for flight crewmembers, but it is a full tax service that has professional tax preparers who will prepare your entire tax return.
If you are a first-time user and you sign up for either one, use the promo code AVIATION for a 10% discount.