Go Back  Airline Pilot Central Forums > Pilot Lounge > Money Talk
Vehicle and Mileage Tax Deductions >

Vehicle and Mileage Tax Deductions

Search
Notices
Money Talk Your hard-earned money

Vehicle and Mileage Tax Deductions

Thread Tools
 
Search this Thread
 
Old 10-07-2007, 07:37 PM
  #1  
Gets Weekends Off
Thread Starter
 
Joined APC: Oct 2005
Position: Office Chair
Posts: 629
Default Vehicle and Mileage Tax Deductions

Maybe someone can clarify the mileage deductions available to a pilot.

Can the mileage accrued while positioning a vehicle from a crashpad in one city to a crashpad in another city be deducted? What if it was due to a change of employers?

How about mileage to position a vehicle to a city due to a temporary displacement or temporary basing?

Can mileage accrued while driving to and from training in another city be deducted?

Can parking expenses at a commuter's home airport be deducted if the company doesn't pay for it?
FLYBOYMATTHEW is offline  
Old 11-17-2007, 06:56 PM
  #2  
Sitting on the sidelines
 
Joined APC: Aug 2007
Posts: 436
Default

Originally Posted by FLYBOYMATTHEW View Post
Maybe someone can clarify the mileage deductions available to a pilot.

Can the mileage accrued while positioning a vehicle from a crashpad in one city to a crashpad in another city be deducted? What if it was due to a change of employers?

How about mileage to position a vehicle to a city due to a temporary displacement or temporary basing?

Can mileage accrued while driving to and from training in another city be deducted?

Can parking expenses at a commuter's home airport be deducted if the company doesn't pay for it?
1. Can't take mileage for moving car to a new crash pad unless you moved your residence at least 50 miles, and the new residence is closer to work site (your domicile) than the old residence was.

2. Can claim mileage for temporary work location.

3. Can take mileage for training if not reimbursed.

4. Can take parking if you are working.

BUT BUT BUT....mileage like this is an unreimburseed business expense. It is taken on Schedule A - Itemized deductions - and subject to a 2% exclusion. That means unless you itemize deductions (which means you have do more than $5000 in diductions if single, $10,000 if married) you get nothing. If you do itemize deductions, but the unreimbursed business expenses are less than 2% of your adjusted gross income (bottom line of Page 1 of a Form 1040, the total income of yo and your spouse) you get nothing......

I know it's weeks after your question, but hope this helps.
Navajo31 is offline  

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off
Trackbacks are On
Pingbacks are On
Refbacks are On



Your Privacy Choices