Originally Posted by
cni187
80 this is a question to you and all the other guys/gals on here getting these tax reports. What do these reports add up? What is the end game on your tax return? Is this the travel, meals, blah blah blah Miscellaneous Deductions from PUB 521 of the IRS? If so does this make a difference on your tax return? I'm not looking for tax advice I'm just curious that if you're a line holder does this make a difference on your tax return?
Delta pays us in per diem far below what the government allows. The IRS allows you to deduct 80% of the difference in what is allowed and what they pay. International cities we are wayyyy below what is allowed. I blocked 450 hours last year with very little international and it's projected to save me ~700 dollars on my taxes... their projections have been quite accurate in the past. Well worth it!
Granted, I'm not an evil debt free person like NuGuy and have a mortgage and a wife (for the 2012 tax year... 2013 I have a squirmy, poopy new tax deduction!). If you're gonna get hit with AMT, it's not worth it likely.