NJP_MAN
Pattern Altitude
Has anyone claimed training received past commercial certificate on their taxes before? How did it go? And if there is a tax professional here, what is the standard deduction for married filing jointly for 2013?
I can't speak for the first part, but the second is really just a 30-second Google search. It's $12,200 for married filing jointly in 2013. http://www.irs.gov/publications/p17/ch20.html#en_US_2013_publink1000283782
What's a google search? LOL. I just thought of adding that part of the question while I was typing. For some reason I thought I had trouble finding that info last year and thought I would tack it on to the original question.
LOL I get it. I'm totally exhausted. 9 hrs of practical and 3 hours of sleep the last 2 nights. I probably could dig a little deeper but I'm beat.You must be a CFI...
Training for continuing education can be deducted so long as it doesn't prepare you for a new profession. I a CPA in public practice, and was when I started taking my masters in taxation program. I was able to deduct that cost legally.
Sounds about right to me. I have just had people tell me to keep those receipts. I wonder if owning a airplane in a LLC has any effect on the equation.I'm sure a CPA can find fault with this, but...
...I was taught that training to achieve new skills, ratings or whatever, is not tax deductible.
But required training or expenses to maintain a certain position is tax deductible.
So, adding a seaplane rating to your CFI - generally no.
But if your employer mandates recurrent training at your expense to keep your position, then yes.
Does that sound about right?
It would depend on what your business is. If getting a personal commercial certificate is necessary or enhances your current job (but not that it meets the necessary qualification for the job or one that qualifies you for a new one.), you can try deducting it.
That is, if you're an engineer that needs to be on site in many places, you can probably argue the utility enhances the job. If you work in an office all the time, probably not. You can't deduct it if you're doing it to start a commercial flying business.
Well close. As long as you are enhancing your existing job it's OK. If I'm a computer programmer and I want a CFI rating, that won't count, but an instrument rating (if I'm already flying VFR for the business) is OK....I was taught that training to achieve new skills, ratings or whatever, is not tax deductible.
OK.But required training or expenses to maintain a certain position is tax deductible.
Actually, if your business is already being a CFI, adding additional CFI ratings is probably legitimate.So, adding a seaplane rating to your CFI - generally no.
Yes.But if your employer mandates recurrent training at your expense to keep your position, then yes.
So I as a "commercial pilot" train to continue education to add to my commercial license. Probably a stretch though and no one would buy it.
I believe that question is answered in the AOPA guide linked two posts above.Question along the same lines:
I am in the TV industry, and currently live in Florida, but work overseas. If/when my work brings me stateside, could I then write off my training and flight expenses flying myself to my work destinations which would be all over the eastern 2/3rds of the country?
That question, too, is answered in the AOPA guide linked above.What about an AGI going for a CFI? Would the training costs beyond the FOI and AGI writtens count as a deductible?
What about an AGI going for a CFI? Would the training costs beyond the FOI and AGI writtens count as a deductible?