Deducting training contract

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01-04-2011, 06:31 PM

detpilot

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Deducting training contract

Someone posted a whole list of things you can deduct from your taxes as a flight crew member (thanks!).

Does anyone know if you can deduct training contract payments from a previous job? It seems like as much of a work expense as anything else... Thanks!

08-07-2020, 08:17 AM

Continuingappch

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Position: single-pilot multi turbine captain

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Resurrecting your post since the talent shortage is over - for now - and contracts are cropping up again. Surprised nobody ever replied - anyone have an answer?

08-07-2020, 08:54 AM

Continuingappch

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Also, we know that essentially nothing is deductible for employees anymore - so the more specific question is would such payment be deductible for a contractor payed via form 1099?

08-07-2020, 06:45 PM

AirborneUPSMovr

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The new tax laws made essentially nothing deductible. Contract payments would not fall under any special category, and thus remain taxable.

08-07-2020, 07:23 PM

tnkrdrvr

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Joined APC: Jan 2018

Posts: 1,676

Quote:

Originally Posted by Continuingappch

Also, we know that essentially nothing is deductible for employees anymore - so the more specific question is would such payment be deductible for a contractor payed via form 1099?

Id talk to an actual CPA. You’d be surprised what you can still write off. It just needs to add up to more than $20k.