Welcome, I will be your guide to help you with your two-crew submarine tax deduction. If you have any questions, just select my photo and I will be happy to assist you.
This site is the leading and most respected Internet location for information, worksheets, questions, and answers about the TRIDENT Submarine Sailors Tax Deduction.
The IRS and the Navy Judge Advocate Office have made this information paper to aid in understanding the FBM deduction. Remember that your meals and housing deductions must be offset by the amount you receive in BAS and BAH. The IRS is scrutinizing many work related deductions this year, so you want to pay close attention to your numbers.
For personalized information specific to your situation, please contact the legal office where you are located.
Select the Start Here picture to begin
Beginners:
You must fill out Form 2106-EZ
-Employee Business Expenses, to claim the FBM Deduction (sometimes called the
Boomer Deduction). To do this, you must itemize your tax deductions.
This means you will be filing IRS Form 1040
(not the EZ form), and you must have enough deductions to beat the standard
deduction (the amounts can be found under What's New). This
usually means you need to live off-base. If you have never done a
FBM deduction before, ask around in the office to see who can assist
you. Usually everyone that lives off base fills out the form (or
VITA does it for them) to see if it helps there tax situation.
Beginners can select detail instructions here:
Select Beginners, for detailed instructions.
For Spouse
If you are the spouse of a
deployed sailor and need to file a joint return, I have a
special spouse section just for
you.
VITA
Volunteer Income Tax Assistance (VITA) -
Your base legal or family services office usually set up a tax office to
assist military and their families during tax season. You can print out
the FBM deduction worksheet and they can fill it out for you. Usually
they have their own version of the form. You can also refer them to this
website for my version.
Free File is a free federal income tax preparation and electronic filing program for eligible taxpayers,
developed through a partnership between the Internal Revenue Service
(IRS) and the Free File Alliance. The Alliance consists of private
sector tax preparation companies.
Check back on January 16, 2010 to see if you are eligible for Free File.
Military OneSource
Tax Help is on the Way. Starting January 18, Military OneSource brings you online tax filing and tax consultations by phone. Free to service members!
Additionally, their services will provide a link to the customized H&R Block At Home product.
To get access to there free tax filing services, please return to the Military OneSource Web site on January 18, 2010. You must enter the tax filing services via the link they provide to their customized version of the tax filing site. Please do not register prior to January 18 by accessing a tax filing service website directly--doing so will result in a fee being charged for the use of the product.
Retirement
Ready to retire? Visit my retirement website, it has sample program scripts and awards for family members. There are even links to the Navy band website, Governors, and Past Preseidents...check it out!
References:
Standard mileage and meal rates.
All the rates, amounts, and references can be found on my What's New page.