Originally Posted by
calmwinds
The new tax law isn’t as favorable for flight crews. No more taking an additional itemized deduction for “additional business expense”. We only get the per diiem tax free. At least no more keeping receipts and keeping track of expenses. That kinda sucks and will make unions argue for higher per diems.
Arguing for higher per diem is a good thing and easy to justify with the lower corporate tax rate.
With the new standard deduction of $24,000.00, it would be pretty hard to itemize up to that amount. I hit 12k pretty easy with 2 mortgages and a crap load of unpaid per diem. If you can claim 24k in deductions, I’m guessing you can afford a good accountant! Lol!