Seafarers' Earnings Deduction

The Seafarers' Earnings Deduction is a tax benefit available to sailors working on ships outside their home country. It allows eligible seafarers to reduce their taxable income by a specific amount for each day they spend working on a qualifying vessel overseas. This deduction acknowledges the additional challenges and expenses associated with seafaring duties, aiming to prevent double taxation on income earned abroad. To qualify, a seafarer must meet certain employment and residency criteria. In essence, it helps decrease the tax burden for those working at sea in international waters.