Flight Crew Tax and Per Diem Deduction Frequently Asked Questions
Many of the questions you may have are probably answered below. If you cannot find an answer that you are looking for, don't hesitate to contact us.
How does the AMT affect flight crew tax deductions?
If you are hit by the AMT (Alternative Minimum Tax), then no itemized deductions will decrease your tax liability beyond the amount calculated for the AMT. This means that the AMT sets a threshold of tax that must be paid for upper income individuals. If you feel like you might be affected by the AMT, you should fill out IRS Form 6251.
Everything seems to have worked okay. It almost seems too good to be true! I came out with $8,200 or so and per diem reimbursed of about $5,800, so I guess the difference is $2,400. That should save me about $450 or $500. Gotta love that!
What a great site! This was the first year I decided to add the per diem to the tax write offs.....What was I thinking? I just wanted to let you know that your site worked great!
I really find this to be a great service - it is so quick and easy - Thanks!
AMT, flight crew tax deductions, itemize
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