Pilot taxes
02-24-2009 | 04:24 PM
#11
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Joined: Sep 2007
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From: Lead Guitar
Why is a crashpad not deductible? If you look in the code you can make a pretty good argument in the section about other than normal commuting expenses. It may save some bros some grief later if you have the bottom line as to why it is NOT deductible. Thanks.
02-24-2009 | 10:05 PM
#12
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Joined: Aug 2006
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From: B-777 Captain
Your domicile is considered your "tax home". Your crashpad is in your "tax home" and therefore cannot be deducted. This link explains it better.
Tax Topics - Topic 511 Business Travel Expenses
03-03-2009 | 10:58 PM
#13
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Joined: Jan 2007
Posts: 825
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From: metal tube operator
I know i can find how much per diem the company gave me in box 12L on my W2. But one of my previous company didn't use that box, and i was told it's the same as "misc non-taxable comp". Does that sound about right?
Also, i read per diem deduction can't exceed 2% AGI, how does it work? Any help is much appreciated.
Also, i read per diem deduction can't exceed 2% AGI, how does it work? Any help is much appreciated.
03-04-2009 | 03:55 AM
#14
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Joined: Dec 2005
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Yes, that's your per diem. The company has free rein over how to denote it on your W-2. I believe that Turbo Tax calls it that.
The 2% is that your expenses have to exceed 2% AGI before you can get the 80% deduction. It's a floor, not a cap.
The 2% is that your expenses have to exceed 2% AGI before you can get the 80% deduction. It's a floor, not a cap.
I know i can find how much per diem the company gave me in box 12L on my W2. But one of my previous company didn't use that box, and i was told it's the same as "misc non-taxable comp". Does that sound about right?
Also, i read per diem deduction can't exceed 2% AGI, how does it work? Any help is much appreciated.
Also, i read per diem deduction can't exceed 2% AGI, how does it work? Any help is much appreciated.
03-07-2009 | 07:52 AM
#15
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From: 757 Capt
02-14-2010 | 07:00 PM
#16
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Joined: Sep 2008
Posts: 71
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From: CRJ200, CRJ700, CRJ900, Left Seat
EZPerDiem.com Will Sort It Out
I just figured out my per diem between what my company pays me and what the government says is due to me.
Almost $3K difference.
I think that that is world the $29.95 plus the 10% savings with the code above.
Regards,
Jeffrey
P.S. I wrote a review about it on my blog: http://www.flycrj.com/2010/01/01/how...ax-money-back/
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