Cadet Income Tax Deductions

Discussion in 'Coast Guard Academy - USCGA' started by CadetDad_MN, Feb 7, 2015.

  1. CadetDad_MN

    CadetDad_MN New Member

    Feb 7, 2015
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    I've been trying to find an answer to this on the web but have been unsuccessful. My 4/c cadet is filing his tax return for last year. His question is this: regarding the deductions the USCGA takes out of his pay (such as book fees, haircuts, uniform expenses, activity fees, etc.), can any of these fees be considered tax deductible for income tax purposes? Thanks.
  2. grevar

    grevar CGA Admissions Partner

    Mar 5, 2013
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    While I am no tax expert, typically those fees are deductible from gross income on their tax returns as business expenses, however, with the amount your 4/c made in 2014, it won't matter. Your 4/C should get back 100% of the amount held out for his taxes for 2014 with or without the deductions you mentioned. (Assuming that he has no other income source like investment income, job prior to the CG, etc). If the CG was his only source of income, he should get a tax refund of all of the amount the CG withheld from his pay.

    Next year, this could be different considering the expenses they are required to pay. I know there is much discussion on this topic, but for most, this will be the last year that the 4/C's can be claimed as dependents by their parents.

    Again, if you have any questions, I'd encourage you to speak with a tax professional. There will be assistance offered to the Cadets if they are doing their own taxes. Just be sure that as a parent you don't claim him/her as a dependent if in fact they are claiming themselves.

    Hope this helps.

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