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Don't forgo LEGITIMATE deductions!
Your industry offers you many unique opportunities. First and foremost by being issued Certificates of Discharges or Letters of Service Time; you qualify as a "temporary employee". >> Learn More |
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Wage Pay-off Sheet
It's your responsibility to ensure you are having the proper withholding amount taken out of your paychecks!
>> Learn More |
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Why not do it yourself?
If you enjoy the challenge of tackling Form 1040, have time to study tax laws, and the ability to comprehend them, should you save money and prepare your own taxes?
>> Learn More |
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Be sure and check out our recent Newsletters ~
Fall 09 Money Matters
Winter 09 Money Matters
Spring 08 Money Matters
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MERCHANT MARINER TAX BENEFITS
Your Industry offers you many unique opportunities. First and foremost by being issued Certificates of Discharges or Letters of Service time; you qualify as a temporary employee.
Also, as a Merchant Mariner there are many tax write-offs available to you. Some of these write-offs include your daily per diem, transportation expenses (between your home and your business destination), and any other ordinary/necessary expenses incurred while you are away from home on business.
Here are a few examples of write-offs available to transportation workers:
- Safety Equipment
- Union Dues/Organization Dues (vacation dues)
- Publications/Log books
- Maps/Charts
- Passports
- Cab Fare/Bus Fare/Rental Cars
- Phone calls/Cell Phone
- Computer Software
- Meals (DOT and Non-DOT hours)
- Mileage (Standard Mileage Rate)
- Job Search Expenses to Union Halls or Shipping Companies
- Mileage Traveled
- Lodging
- Meals
- Continuing Education Expenses
- Mileage Traveled
- Lodging
- Meals
- Tuition/Books/Supplies
- Other (expenses incurred from the time you leave your residence until the time you return to your residence)
To view tax organizer & Merchant Marine expense log click HERE.
KEEP YOUR WAGE PAY-OFF SHEETS. Did you realize that many shipping companies include your travel reimbursements in your taxable income? We need to offset that so you are not paying income taxes on reimbursed expenses.
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