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Tax deductions for CFII and MEI?

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outoftime

Member
Joined
Aug 28, 2003
Posts
6
I've been a longtime reader, but this is my first actual post.

I'm attempting to get my CFI in January. I know that I can't deduct the expenses associated with the CFI- initial. If I understand the limited info out there, however, I should be able to deduct my CFII and MEI expenses since it is to further my job as a CFI (since CFII and MEI involve the same field - not for a different profession). I have a day job that is my primary income (would this matter that I'm not CFI full time?), and make above the standard deduction - which is why I want to know if I can take a deduction on these future ratings. I hate taxes - can anyone help me out? Up to this point, I have never attempted to deduct any of my flying whatsoever.

Thanks,

Super Tax Stupid
 
I looked at this a few years ago - IIRC the training had to cost more than $3800 for there to be any deduction (mine didn't cost that much). I'm no expert though ...
 
I think the wording has to be along the lines of "furthurance of your career". If what you're trying to deduct will make you more money (and, to the IRS-mind, pay more taxes), then, by all means, deduct it.

I deducted my 737 type rating, I paid for myself.
 

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