Per Diem Tax write off
01-31-2012, 05:02 AM
#11
Libertarian Resistance
Joined APC: Feb 2007
Position: 757 FO
Posts: 1,057
I'll add an endorsement of pro-diem. It is possible to plow through your last year's travel/pay records, cross reference the federal per diem rates, and compute the same number that pro-diem gets. However, anyone who makes enough to itemize their deductions has time that is too valuable to do this work on their own.
This expense, and other tax preparation costs, are deductible on next year's return.
WW
This expense, and other tax preparation costs, are deductible on next year's return.
WW
02-01-2012, 06:44 AM
#12
Gets Weekends Off
Joined APC: Oct 2008
Posts: 1,258
Anyone used Airline Crew Taxes?? Not looking for advertisements. Just want to know the cost of them vs the amount of return ratio.
I'm single, no kids and no mortgage. I plan on itemizing as well. Should I just stick with a per-diem calculator and turbotax given my situation or would using a professional tax person be beneficial? I'm not very good with this stuff.
Thanks!!
I'm single, no kids and no mortgage. I plan on itemizing as well. Should I just stick with a per-diem calculator and turbotax given my situation or would using a professional tax person be beneficial? I'm not very good with this stuff.
Thanks!!
02-01-2012, 07:41 AM
#13
Gets Weekends Off
Joined APC: May 2009
Posts: 474
Originally Posted by captain152
Anyone used Airline Crew Taxes?? Not looking for advertisements. Just want to know the cost of them vs the amount of return ratio.
I'm single, no kids and no mortgage. I plan on itemizing as well. Should I just stick with a per-diem calculator and turbotax given my situation or would using a professional tax person be beneficial? I'm not very good with this stuff.
Thanks!!
I'm single, no kids and no mortgage. I plan on itemizing as well. Should I just stick with a per-diem calculator and turbotax given my situation or would using a professional tax person be beneficial? I'm not very good with this stuff.
Thanks!!
You might even be on a 1040EZ if you end up not itemizing. Just do it by hand or online for free.
02-01-2012, 07:50 AM
#15
Gets Weekends Off
Joined APC: May 2009
Posts: 474
Originally Posted by captain152
I will be due to other expenses I racked up last year.
I'll probably do it both ways (standard and itemizing) to see how they compare.
I'll probably do it both ways (standard and itemizing) to see how they compare.
02-01-2012, 12:08 PM
#19
Gets Weekends Off
Joined APC: Dec 2005
Posts: 1,408
I used Pro diem last year. It comes down to $59 vs. doing it yourself. I didn't have the big difference that others have reported, but it was very easy to pay the $59. FYI, with AIMS, it only took about 3 hrs max to do mine manually. I'll be using Pro Diem again this year.
02-01-2012, 02:42 PM
#20
Gets Weekends Off
Joined APC: Dec 2011
Position: Not sure anymore
Posts: 206
Wondering if you guys think the 59 bucks is worth a whirl for me. I worked about a half year at my airline mostly sitting reserve with 2 months of training in April and May. I've never itemized before, wasn't planning on it until reading this thread. I wasn't paid per diem in training, actually recieving my first per diem payment in June after commencing IOE. How would that work with Pro Diem? It it even worth it for a guy like me?
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