Best Tax Deductions to Claim for Pilots
Pilots fly aeroplanes to transport passengers, mail and freight or provide agricultural, or aerial surveillance.
Employment Profile
- Average weekly pay: $6,900
- Employment size: 13,860
- Future growth: Decline
- Skill level: Bachelor degree or higher
Typical tax deductions include:
- Overnight travel expenses including meals, drinks and incidentals – these will be deductible if incurred, receipted, and not reimbursed.
- Motor vehicle travel between workplaces or for training purposes.
- Phone and internet – work %.
- Cost of anti-glare glasses used to combat the harsh working conditions inside a cockpit.
- Premiums paid for salary guarantee and loss of licence insurance.
- Medical examination costs associated with the renewal of work-related business licences.
- Home office running expenses.
- Courses, seminars and self-education expenses.
- Computers, tools and equipment – includes travel bags, overnight bags, suit packs, suitcases and luggage trolleys.
- Rehydrating moisturiser and rehydrating hair conditioner when used to combat the drying effects of the aircraft cabin pressure.
- Union fees, licences, registrations and subscriptions.
- Compulsory work uniform branded with the employers logo.
Professional memberships.
Non-deductible expenses:
- The cost of buying timepieces or watches.
- The cost of transporting luggage to the airport.
- Prescription glasses and contact lenses.
Tax Strategies we can assist you with.
- Self-education expenses
- Sunglasses, sunscreens and cosmetics
- Computers, tools, equipment and other assets
- Compulsory work uniform
- Union fees, licences, registrations and subscriptions
- Phone and internet
- Motor vehicle expenses: cents per km method
- Home office running expenses
- Overnight travel expenses
Click here to see Tax Calculator for Pilots.
Stephen is the CEO of Accountants Direct and is a Professional Director, ASIC Agent, Startup Advisor & Investor & Capital Raising Specialist.
Contact Stephen or his team if you have any questions about this post or any business matter in general.
