As an airline pilot or flight attendant, perhaps you have heard of IRS form 2106. Maybe you have wondered if you need to file a 2106 with your federal taxes. If you want to tax advantage of many airline related flight crew tax deductions such as the per diem deduction, deducting your union dues, or other airline employee business expenses, the answer to this question is, "Yes."
Pilots and flight attendants would not need to file this form if they only take the standard deduction (i.e. they do not itemize).
There is a great benefit to filing the 2106. It will increase your tax refund or decrease your tax liability significantly. Airline crewmembers who itemize their tax returns may be eligible to write-off their union dues, medical exams, part of their cell phone and internet, certain tips, clothing expenses, luggage, Jeppesen binders, and much more.
For a comprehensive list on airline deductions, the Expense ProcessorTM, available to members of EZPERDIEM.COM, will guide you through the process of finding your airline related tax deductions and ensuring that they are placed correctly on your 2106 tax form.
As an airline pilot or flight attendant, you don’t want to miss out on these great deductions. This process really isn't that difficult, and in fact for many airline expenses a receipt might not even be necessary to write-off certain expenses. For the relatively short time it takes us or your tax preparer to complete the form, the benefits are enormous.
Sunday, September 21, 2008
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