2000 Tax Changes that every
Flight Attendant and Pilot should know!



Per Diem Amounts Increased for 2000 Tax Year

The IRS is systemically increasing the allowed amount of per diem (meal expenses) for employees subject to the hours of service limitations of the Department of Transportation.. As a flight attendant, your allowed amount is 60% for the 2000 and 2001 tax years. The amount deductible will cap at 80% in 2008. Employees not subject DOT hours will continue to be subject to the 50% limitation.



Exemption and Standard Deduction Increases

Personal Exemption PhaseOuts (Personal exemption amounts begin phasing out after the following Adjusted Gross Income amounts)

Itemized Deduction Phaseouts (Itemized deductions begin phasing out after the following Adjusted Gross Income amounts




Roth IRA Contribution Phaseouts (Contributions to a Roth IRA are limited by Adjusted Gross Income and phase out totally at the top range amounts. If you anticipate your AGI to exceed these amounts and have already made a contribution to a Roth IRA, please call our office to discuss your situation.)




Roth IRA Conversions (Conversion of a tradional IRA to a Roth are limited by Adjusted Gross Income. A conversion is not allowed if your AGI exceeds the following amounts.)