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 Tax Deductions and Airline Pilot Job Searching Expenses So you've been searching for that new dream job and the expenses have been escalating. Perhaps a new suit, an interview prep service, and a new type-rating have set your bank account back a bit more than you would have liked. Luckily for many of you, the approaching tax season may offer some relief. That's because you may be able to write off most of your job-searching expenses from your taxes. Job-searching expenses are just one of the types of expenses that can be written off on IRS Form 2106 - Employee Business Expenses. Some of the job-searching expenses that may be deductible include your simulator and ground school prep expenses, transportation to and from your interview or physical, resume costs, mailing/copying costs, logbook prep expenses, lodging and more. These employee business expenses are expenses that are ordinary and necessary to conduct your occupation. The term "occupation" is noteworthy because most job-searching expenses incurred are tax deductible if the job being sought (whether the search is successful or not) is within the same "occupation" as the previous one. In other words, if you are an airline pilot and seeking another airline pilot job, then the applicable job-searching expenses can be written off because they are both within the same occupation. Of course this leads to an unavoidable question: What exactly is meant by the term "occupation?" Is a flight instructor considered to be within the same occupation as an airline pilot? How about a corporate pilot? To answer this question, we called the IRS. Our answer from the IRS came a few days later, and ironically, the agent who contacted us was a former pilot. His answer, which we will paraphrase for you, is pretty straightforward. Agent 9310107 stated, "A pilot is a pilot. Once you are a commercial pilot (i.e. flight instructor), a job change to an airline pilot, corporate pilot, or any other commercial pilot is within the same occupation." That means a flight instructor is able to write off the job searching expenses on IRS Form 2106, just like someone who is already an airline pilot. If you do write off your job-searching expenses, there are some other considerations to bear in mind. Some of these are: The job being sought cannot be your first job. You cannot spend an extensive amount of time between jobs. Your total employee business expenses must be greater than 2% of your adjusted gross income. You must itemize your deductions. This tax season, when you delve into the tax code as it pertains to airline pilots, you'll certainly uncover some confusing issues. We created EZPERDIEM.COM to help speed up, simplify, and clarify the tax process for flight crewmembers simply because there are a myriad of expenses that pilots can write off, and job-searching expenses are just one of the many deductions available to airline pilots that can be found in our somewhat convoluted tax code. Sign up via this link and get 10% off of EZPERDIEM.COM: http://ezperdiem.com/taxes/user_login.php?promo_code=C14TQ Copyright 2001-2008 AviationInterviews.com Do not copy or reproduce any material contained within this web site! DMCA Contact This site is best viewed in firefox! Click below to download firefox: |