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Tax Deduction Consulting: Military Tax Deduction Brigham City UT

The reduction in income is claimed on IRS Form 2106 or Form 2106EZ and the appropriate amount in entered on the proper line on your Form 1040. If you do have legitimate expenses that exceed the allowable limits of the Federal Per Diem or Standard Mileage Allowance, they must be claimed as regular itemized deductions on your tax return.

Mr. A. Wayne Margetts (RFC®), LUTCF
(801) 532-1871
175 S Main St, Ste 1050
Salt Lake City, UT
Company
LPL
Qualifications
Education: BSc (Math)MBA
Years of Experience: 16
Membership
IARFC, MDRT, NAIFA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Pension Planning, Executive Compensation Planning, Retirement Planning, Medicaid Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, CD Banking, Annuities, Life Insurance, Long Term Care Insurance, Group Insurance, Charitable Planning, Education Plan, Charitable Foundations, Asset Protection, BuySell, Compensation Plans

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Liberty Tax Service
(866) 871-1040
55 W Main St
Lehi, UT

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H&R Block
(801) 495-4172
9151 S QUARRY BLVD
SANDY, UT

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H&R Block
(801) 272-0412
5002 S HIGHLAND dr
SALT LAKE CITY, UT

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Lunt Gary
(435) 656-1232
435 E Tabernacle St Ste 105
St George, UT

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Mr. Gregory W. Williams (RFC®), CFP, CHFC, CLU, LUTCF, MSFS
(801) 453-2271
6340 South 3000 East, Suite 500
Salt Lake City, UT
Company
Exit Strategy Specialists, LLC
Qualifications
Years of Experience: 26
Membership
IARFC, MDRT, FPA
Services
Invoice, Estate Planning, Business Planning, Portfolio Management, Trustee Service, Pension Planning, Executive Compensation Planning, personal Coach, Retirement Planning, Tax Planning, Seminars Work, Employee Benefits, Stocks and Bonds, Mutual Funds, Mortgage Loans, Annuities, Life Insurance, Disability Income Insurance, Long Term Care Insurance, Medical Insurance, Group Insurance, Business Coach, Charitable Planning, Education Plan, Asset Protection, BuySell, Compensation Plans

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H&R Block
(801) 334-4002
5845 E AVE BLDG 412
HILL AFB, UT

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H&R Block
(801) 733-0847
3438 BENGAL BLVD
SALT LAKE CITY, UT

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H&R Block
(801) 294-7998
75 E 2200 S
BOUNTIFUL, UT

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Synergy Accounting Solutions
(801) 542-0230
8282 S. State St. Suite
Midvale, UT
 
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Tax Deduction Consulting: Military Tax Deduction

Military Tax Deduction

There is a special provision for members of the National Guard or Reservists who incur travel expenses that are not reimbursed. This military tax deduction is a reduction of income rather than an itemized deduction.

If you are a member of the National Guard or a Reservist and incur some un-reimbursed travel expenses as a result of your service, you have a way to take this as a reduction of income rather than an itemized deduction on Form 1040, Schedule A. The travel must be overnight and more than 100 miles from your home. The purpose must be a drill or meeting. The expenses must be ordinary and also necessary. If these conditions are met, you can claim this special military tax deduction.

The amount of the military tax deduction, or reduction in income, will be limited to the regular Federal Per Diem payment which covers lodging, meals, and incidental expenses. It also includes the Standard Mileage Allowance, for use of your personal automobile, plus and parking, ferry fees, or tolls.

The reduction in income is claimed on IRS Form 2106 or Form 2106EZ and the appropriate amount in entered on the proper line on your Form 1040. If you do have legitimate expenses that exceed the allowable limits of the Federal Per Diem or Standard Mileage Allowance, they must be claimed as regular itemized deductions on your tax return.

There are certain other military tax deductions that are allowed. Since military uniforms can be generally worn off duty, the upkeep is not deductible. If the uniform, due to military regulations, can not be worn off duty, the upkeep is deductible to the degree it exceeds the military uniform allowance. This applies also to certain kinds of educational expenses. When the educational expense is incurred for an activity that is required or substantially increases your qualifications for your position or a new related position, the expenses that exceed your allowance are deductible.

Normally, the military service is ...

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