flica tax savings
02-06-2014, 10:55 AM
#3
Gets Weekends Off
Joined APC: Sep 2005
Position: A320 Captain
Posts: 1,114
It has nothing to do with if you are at a major or regional. The federal government sets what they believe should be the daily per diem in cities. For example, I think NY is around $80/day. Were you paid $80 for your last overnight in LGA? It adds up over the year. I think mine was around $1,000 for 2012, and I was out for a few months on medical. I'm still waiting for my 2013. So that's quite a bit to put against your taxes.
You can also write off the $50 you spent on the report.
You can also write off the $50 you spent on the report.
02-06-2014, 11:01 AM
#4
Gets Weekends Off
Joined APC: Dec 2007
Position: Airline #4
Posts: 450
perdiemcalc.com is only $24.95 and it does the same thing and it will save you the same amount of money. You just have to input your overnights instead of it getting auto populated by Flica... It took me 20 minutes to do last year's. My regional paid me around $5k in PD when I was supposed to get well over $8k, so the difference was tax deductible.
02-06-2014, 11:04 AM
#5
Line Holder
Joined APC: Mar 2010
Posts: 97
Originally Posted by jaded
perdiemcalc.com is only $24.95 and it does the same thing and it will save you the same amount of money. You just have to input your overnights instead of it getting auto populated by Flica... It took me 20 minutes to do last year's. My regional paid me around $5k in PD when I was supposed to get well over $8k, so the difference was tax deductible.
02-06-2014, 02:36 PM
#7
Gets Weekends Off
Joined APC: Dec 2011
Posts: 127
I no longer use flica as a friend referred me to this firm from Colorado - Watson Cpa Group
Free Per Diem Calculator - Pilot Per Diem - Flight Attendant Per Diem - Airline Per Diem
I still do my taxes on turbo tax, but it only takes about 15 minutes to enter all my overnights into this calculator and it's free whether you use them for taxes or not. I'd also note that for the past 3 years I get informative emails from them leading up to tax time talking about changes in tax law, etc.
Free Per Diem Calculator - Pilot Per Diem - Flight Attendant Per Diem - Airline Per Diem
I still do my taxes on turbo tax, but it only takes about 15 minutes to enter all my overnights into this calculator and it's free whether you use them for taxes or not. I'd also note that for the past 3 years I get informative emails from them leading up to tax time talking about changes in tax law, etc.
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