USA Tax Deductions

sanpedranopilot · 9th April 2007, 23:36

does anyone know if you can claim tax deductions on your income tax for flight training? (united states)

Whirlygig · 9th April 2007, 23:39

It doesn't matter what country you're in - the advice is still the same! Go to a professional accountant; in the US, a CPA.

Cheers

Whirls

v6g · 9th April 2007, 23:44

In Canada, you can deduct your flight training, plus an allowance for every month you're engaged in part-time of full-time training. Total savings: ~20-25%

sanpedranopilot · 17th April 2007, 02:19

anybody got any info on wether or not you can claim your flight training costs on your income tax? and recoup some of your money spent on it....

KC-10 Driver · 22nd April 2007, 10:37

I know that you can claim costs associated with attempting to gain employment, whether or not you are successful in gaining said employment.

If this training falls under this category, you may be able to claim it.

That's as far as my knowledge goes. As the poster above wrote, see an accountant for specific guidance.

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