Per diem deduction tax savings amounts

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Per Diem Questions

*	Who is most likely to benefit from the per diem deduction?

*	What does itemizing have to do with the per diem deduction for pilots and flight attendants?

*	What is a tax home for pilots and flight attendants?

*	What is the most productive way to build income with per diem in mind?

*	Can pilot job search expenses be deducted?

*	How significant is a pilot or flight attendant per diem deduction?

*	Why is a domicile the tax home for pilot or flight attendant?

*	Can pilots or flight attendants write off meal expenses for day trips?

*	Why can pilots and flight attendants not enter day trips into the per diem calculator?

*	What are common airline pilot tax deductions?

How significant is a pilot or flight attendant per diem deduction?

The per diem deduction for a pilot or a flight attendant can save several hundred to several thousand dollars per year. There are many variables that determine hom much tax refund the pilot or flight attendant sees because of the per diem deduction. Some of these variables include:

- The 2% limit
- The alternative minimum tax
- The number of layovers that the pilot or flight attendant had
- The length of each layover
- The location of each layover

Some food for thought - If this extra refund is then allocated to a either a traditional IRA or a Roth IRA, the savings over time can add up to as much as a few hundred thousand dollars when the pilot or flight attendants retires.

Useful Links

How Much Extra Tax Refund Can the Per Diem Deduction Generate

How Bigger Tax Refunds Enhance Your Retirement

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