Tax Deduction Consulting: Flight Attendants Billings MT
Company: Estate Conservation Associates
Franklin & Marshall College A.B.
Stanford University M.A.
Years Experience: 34
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Malmstrom Afb, MT
Tax Deduction Consulting: Flight Attendants
Tax Deductions for Flight Attendants
While there are no specific tax deductions for flight attendants or other airline crew members, this job field is an example of the type of job that may have some unique tax deduction opportunities.
When you consider the nature of the Flight Attendants career field, some obvious facts emerge concerning possible tax deductions. The Flight Attendant does an awful lot of travel away from their home in the performance of their duties. Sadly, the airplane does not count as a private vehicle and they can not claim mileage deductions, but there are certain travel expenses and per diem deductions that can be itemized and greatly reduce the tax burden on these hosts and hostesses of the sky.
A Flight Attendant is allowed to deduct travel and training related expenses incurred in the course of their work. Due to the constant travel, often to different locations, record keeping is absolutely essential in order to maximize the possible deductions. Most tax preparers suggest that the Flight Attendant keep a receipt for any expense over $75, but they absolutely insist that extremely accurate and detailed records are kept in a log or diary.
There are a number of accounting and tax preparation firms that specialize in tax assistance to the Airline Industry and its employees. These firms generally provide a "Flight Expense Reporter" to facilitate the keeping of records. They also generally provide "per diem calculators" that can easily provide exact per diem amounts based on the common airport destinations of flight attendants.
It is rather rare that an industry has sprung up around the tax problems of a particular job field, but Pilots, Flight Engineers, and Flight Attendants have several characteristics that make them ideal candidates for such specialized tax help. First, they are generally well paid and in a higher tax bracket. Second, they are required to travel extensively and continuously in the performance of their jobs. Thir...