Flight Crews Can Get More Money Back On Their Tax Returns
Posted by Jeffrey on March 15th, 2010
Taxes and flight crew member go together, and you will want to take a moment to read this post about an easy to use website that will be very beneficial in helping you get more money back on your taxes this year.
If you haven’t done your taxes yet, don’t wait until the very last moment to get everything in order: W-2′s, 1099′s, etc. You should have gotten everything you need by February 1st.
Now I’ve been doing my own taxes for about five years now. They aren’t hard to do but they aren’t necessarily easy either. I can tell you though, there is one tool that can really help you out, get more money back in your pocket, and save you a lot of time. EZPerDiem.com.
Here is how it works. As a flight crew member, most companies pay you a “per diem” which typically covers meals and other expenses. However, your company probably doesn’t give you all the money that you are authorized. This is because companies work on a formula that the IRS has developed stating that they are only required to give you so many dollars to cover expenses, if any. It is your responsibility, as a tax payer to claim the rest.
EZPERDIEM.COM provides a simple way to calculate your meal and incidental expenses which is basically the difference between the per diem we are paid by our companies and what the government says we are owed while on a trip. You have to visit their site! It’s not expensive, $29.95 — free to start and if you use the code C1Q4L, you get an immediate 10% off.
Now, since I itemize my taxes, EZPerDiem has, over the years, put several hundred dollars in extra refund money back in my pocket. If you aren’t sure whether you itemize your taxes, EZPerDiem can help you figure it out, but basically, if you have a mortgage, you probably itemize.
When I did my taxes this year, I got back over $300 back because I claimed my per diem. The process is easy — you simply enter your layovers and it does all of the calculations for you.
Here is a brief summary of what EZPERDIEM.COM does for $29.95:
+ You input your layovers, and it generates a printed version of your meal expenses. This alone will save you hours of work and headache.
+ EZPERDIEM automatically compares the IRS’s two methods of the meal expense calculations simultaneously and gives you the highest return.
+ EZPERDIEM.COM’s “Expense Processor“, which is a checklist of the ordinary expenses that may be deductions you can claim, will help you get even more money back. Did you know that pilot’s can deduct the expense of maintaining their uniforms?
+ It provides a harcopy printout that describes where these expenses go on the IRS Form 2106.
+ EZPERDIEM has guides to help you if you are using TurboTax or TaxCut.
+ If you have someone else do your taxes, EZPERDIEM makes it easy for non-aviation accountants and to prepare taxes for airline crewmembers.
+ Once you finish inputting your overnights, you get instant results.
+ And much more…PLUS IT IS FREE TO BEGIN USING IT!
Sign-up for free, try it out, and if you don’t think it is useful, you don’t have to pay anything. If you do pay, the following code will give you a 10% discount:
Enter the PROMO CODE during sign-out: C1Q4L
Or click on the link below or past it into your browser to sign-up with the promo code automatically put in for you:
Don’t let Uncle Sam keep the money that is yours. It will only take a little bit of your time, but it is totally worth it.
To Your Money Saving This Year…
Jeffrey
P.S. They also do tax preparation for flight crews. What could be easier?
