Yacht crew tax write-offs
Varies
What Can Yacht crew Write Off?
Short answer: Yacht crew on foreign-flagged boats may qualify for the foreign earned income exclusion; crew paid as contractors deduct STCW training and travel.
W-2 employees can't deduct unreimbursed job expenses on a federal return through at least 2026 (the miscellaneous itemized deduction is gone); ask your employer for an accountable-plan reimbursement instead.
Records to keep: Keep receipts, 1099s or W-2s, a mileage log, and a note of the business purpose for each expense.
Yacht crew tax write-offs
Varies
Remote Workers / Freelancers / Consultants
Yacht crew on foreign-flagged boats may qualify for the foreign earned income exclusion; crew paid as contractors deduct STCW training and travel.
Business justification
Yacht crew on foreign-flagged boats may qualify for the foreign earned income exclusion; crew paid as contractors deduct STCW training and travel. W-2 employees can't deduct unreimbursed job expenses on a federal return through at least 2026 (the miscellaneous itemized deduction is gone); ask your employer for an accountable-plan reimbursement instead.
Category
- Write-Offs by Job