New Tax Rules
03-05-2006, 04:51 AM
#1
Line Holder
Thread Starter
Joined APC: Nov 2005
Position: Embraer 145 CA
Posts: 26
New Tax Rules
Has anybody heard of the new tax rule this year that states we cannot get the standard deduction for overnights. Up to this point each city had a specific writeoff amount for lodging and incidentals. I guess the law states now that if your company policy or your contract has any language in it that the company will provide lodging on overnights, you no longer can claim these deductions. This is killing my tax refund.
03-05-2006, 05:43 AM
#2
Gets Weekends Off
Joined APC: Mar 2005
Position: 757 Capt
Posts: 679
taxes
Darby....
The deductions you get are for meals and incidentals...the rates vary by city. I use prodiem; they determine what my allowable deductions are based on where I was throughout the year.
Hope this helps...
Pilot7576
The deductions you get are for meals and incidentals...the rates vary by city. I use prodiem; they determine what my allowable deductions are based on where I was throughout the year.
Hope this helps...
Pilot7576
03-05-2006, 06:52 AM
#3
Line Holder
Joined APC: May 2005
Position: 757/767 FO
Posts: 78
Look in Pub 634(I think?). There is a standard allowance for air transportation workers.It went up this year.Again don't quote me on this but I believe it was around $43/24hr for the first half of the year and then went up to around $50/24 hr duty time. This is for domestic.If you travel overseas then the amount is higher. Hope this helps.
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