Articles
• 19.01.22
An Ultimate Guide to Aircraft Leaseback and Tax Advantages for Pilots
Leasing an airplane over to an FBO, flight school, or charter carrier can be an attractive option for first-time aircraft buyers looking to offset the substantial upfront costs of aircraft possession. On the surface, a leaseback contract appears to be a win-win situation for both parties. You can avoid being at a loss if you learn some facts...
• 29.11.21
How You as a Pilot Can Benefit From per Diem Tax Rules
Do you work as a pilot or flight attendant for an airline? Is there a tax on your earnings? You may be overlooking the per diem tax rules deduction, which is a valuable airline pilot per diem deduction.
Per diem tax calculation: What does it mean?
Per diem is the most common method of payment for airline pilots, flight attendants, and...
• 01.11.21
Soar Into Savings: Pilots and State Income Tax Planning
Do you work for an airline carrier? Then you worked hard to earn your wings. Now let us help you soar into savings on your airline pilot taxes — while you learn more about pilots and state income tax planning! You are the expert in the air but your flight hours/route may be more important to your taxes than you think!
Do Federal Rules Limit a...
• 13.10.21
What States Do Pilots Have to Pay Taxes In?
Did you know that a pilot's tax home is a place where they earn more than 50 percent of their income? It is very common for an airline pilot to spend a lot of time away from their permanent residence. This means they are liable to pay taxes in more than one state. So an obvious question is what states do pilots have to pay taxes in?
In this...
• 08.10.21
Airline Pilot Taxes 101
The airline pilot's life looks exciting at first glance: they get a free pass to explore new places and experience different cultures. But what seems like a fun perk can also be a source of suffering.
Due to complex tax laws, the tax returns filed by airline pilots can reach dozens of pages. Figuring out a pilot's tax liability becomes a...
• 16.09.21
Airline Pilot Tax Deductions Itemized
A review of airline pilot remuneration
When the aircraft departs the gate for departure ("block out") until the aircraft arrives at the gate regarding arrival ("block in"), the earned income of an airline pilot member is primarily based on the services performed during this period. While most crew members ‘ earned income is calculated by the...
• 10.09.21
Flight Crew Per Diem Deduction
Did you know that most flight attendants and pilots spend approximately 150 to 400 hours traveling away from home each month? If you work for an airline as a pilot or flight attendant you might qualify to claim various tax deductions. And the flight crew per diem deduction is one of them.
As a flight crew member, you want to make sure that...
