Welcome to the world’s foremost authoritative source for the FBM
Deduction (also called the Boomer Deduction, SSBN Deduction, and the Two
Crew Submarine Deduction).
This site is the leading and most respected Internet location for information, worksheets, questions, and answers about the TRIDENT Submarine
Sailors Tax Deduction.
No more Housing and Meal Deduction! New information from the IRS and the Navy Judge Advocate Office - Your deduction for meals and housing must be offset by your BAS and BAH! That is right, no more major deductions! The form and worksheet have been updated per the new information. The IRS is scrutinizing all deductions this year and they seem to be hacking away at this one big time. I guess someone has to pay for the war effort. Details: You receive non-taxable BAH and BAS and therefore you can not deduct your housing cost or meals from your taxes. Reference:JAG Information Paper
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 (Single $5,450.00 - Married $10,900.00). 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.
See
my beginners section for
detailed information to assist beginners.
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
there own version of the form. You can also refer them to this website
for my version.
Also register for Netflix while you are here by
using the picture at the top of this page. Your participation supports
my effort to help others.
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.
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
rate.
For 2008, the mileage deduction must be calculated twice, once for the miles driven January 1 – June 30, 2008 (50.5 cents) and then again for July 1 – December 31, 2008 (58.5 cents) - (Reference: IRS Pub 17)
Standard Meal Allowance. For
2008, the allowance is derived from IRS Pub 1542. This publication
provides exact amounts depending upon the location of the taxpayers
"secondary" home (The taxpayers "principle" home is
the submarine).
(Select the above text again to make this box disappear)
$39.00 for Camden County, GA
$49.00 for Glynn County, GA
$49.00 for Duval & Nassau County, FL
$49.00 for City of Jacksonville, FL
$59.00 for Kitsap & Pierce County, WA
$64.00 for King County, WA (Seattle)
Your location not listed? Refer to IRS Publication 1542 or use $39.00
Tax Year 2007 I received more than 1500
visitors last tax season with over 3000 page views. Wow! Thanks for making my site so useful. If you have any comments please use the form at the bottom of the page.
Popularity of the FBM deduction site last tax season:
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No more Housing and Meal Deduction! New information from the IRS and the Navy Judge Advocate Office - Your deduction for meals and housing must be offset by your BAS and BAH! That is right, no more major deductions! The form and worksheet have been updated per the new information. The IRS is scrutinizing all deductions this year and they seem to be hacking away at this one big time. I guess someone has to pay for the war effort. Details: You receive non-taxable BAH and BAS and therefore you can not deduct your housing cost or meals from your taxes. Reference: 
Beginners:
