For IRS Tax time, here's how you can deduct some expenses
incurred while participating in the Young Eagles Program.
You can deduct Young Eagles expenses
under the tax exempt status of the EAA Aviation Foundation participating in the Young Eagles Program. The IRS ruled that volunteer pilots helping the Young Eagles Program can deduct direct, out-of-pocket expenses
actually incurred by the volunteers that are in direct connection with and solely attributed to the Program.
If the above conditions are met, volunteers
will be able to deduct direct out-of-pocket expenses such as:
and oil directly consumed by the aircraft in the demonstration flight, not to exceed 200 miles
and oil to another airport within 50 miles to meet a young person
not to exceed 30 miles one way, to get to and from the airport
rental charges for a bus or van to bring a group of young people to the airport
rental expense of an airplane used only for the Program
for mailing the registration records to the EAA Aviation Foundation
liability insurance purchased solely for flights for the program
tiedown fees at a non-home-based airport
for the young person (but not the volunteer)
and development of pictures for the young person
Indirect expenses, such
as hangar fees and annuals, are not considered out-of-pocket expenses. For the
purposes of computing the expense of transporting the volunteer and/or young person to and from the airport in a passenger
automobile, a standard mileage rate can be used in lieu of operating expenses.