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Common Tax Phrases for
Pilots and Flight Attendants
2% Limit
A.G.I. (Adjusted Gross Income)
Above the Line Deductions
Accountable Plan
Actual Cost Meal Deduction
Adequate Records
Alternative Minimum Tax
Below the Line Deductions
CONUS
CPA (Certified Public Accountant)
City-by-City
Commuting Expenses
D.O.T. (Department of Transportation)
Day Trips
Department of State
Displaced
Documentary Evidence
Domicile
Effective Date
Effective Tax Rate
Employee Business Expenses
Enrolled Agent
Expiration Date
General Services Agency
Gross Income
Hours of Service Limits
IRS
IRS Form 1040
IRS Form 2106
IRS Publication 1542
IRS Publication 463
IRS Publication 529
Incidental Expenses
Indefinate Duty
Itemized Tax Deduction
Itenerant
M&IE
Meals
Necessary Expense
Non Taxable Per Diem
Nonaccountable Plan
OCONUS
Ordinary Expense
Per Diem
Per Diem Calculator
Per Diem Deduction
Per Diem Rates
Personal Expense
Prorate
Recordkeeping
Reimbursement
Rest
Schedule A
Seasonal End Date
Seasonal Start Date
Special Per Diem Rates
Standard Deduction
Standard Meal Allowance
Standard Per Diem Rates
Substantiated Expenses
TDY
Tax Attorney
Tax Audit
Tax Bracket
Tax Credit
Tax Deduction
Tax Home
Tax Liability
Tax Preparer
Tax Software
Taxable Income
Taxable Per Diem
Temporary Duty
Transition Period
Transportation Workers
Travel Expenses

Above the Line Deductions

Above the line deductions are tax deductions or adjustments that modify a taxpayer's gross income and are used to calculate a taxpayer's Adjusted Gross Income or (AGI).  The so-called "line" is AGI (Adjusted Gross Income).  Therefore, tax deductions that occur before AGI is calculated are called above-the-line deductions.  Any deductions that occur after AGI is calculated are called below-the-line deductions (either itemized deductions or the standard deduction).

Above the line deductions are used in the following basic calculation:

Gross Income - Above the Line Deductions = Adjusted Gross Income

Above-the-line deductions include a variety of write-offs that help reduce a taxpayer's tax liability.  Some of the above-the-line deductions that might help pilots and flight attendants are:

  • Rental Property Deductions (Schedule E)
  • Alimony Payments
  • IRA Contributions
  • Schedule C (Business Losses)
  • Student Loan Interest Paid
  • Moving Expenses
  • Stock Losses

Note that the employee business expenses that an airline pilot or fight attendant deducts are not above-the-line deductions.  Employee business expenses are one component of an airline pilot or flight attendant's itemized deductions, and itemized deductions are below-the-line deductions.

Above-the-Line Deductions
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