Biz Write-Offs LogoBiz Write-Offs

Hot air balloon pilots tax write-offs

Varies

What Can Hot air balloon pilots Write Off?

Short answer: Top write-offs: the balloon and basket, propane, chase vehicle, FAA certification, and insurance.

Self-employed workers deduct these on Schedule C, cutting income tax and the 15.3% self-employment tax; keep receipts and a mileage log.

Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose for each expense.