Bikes and Taxes?

supabonbon said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

You're a dreamer, /s!

AFAIK, commuting miles aren't deductible, period. Now if you
owned a business and were visiting CLIENTS or something...
(Wonder what the mileage rate would be for bikes? Like
.0000000026 cents per?!? 🙂

Sounds like maybe you're looking more for a CREDIT than a
write-off. "There oughtta be a program!" (Really, there
SHOULD be.) God knows it would do the country untold good
if more people rode bikes to work (more health, less
pollution, etc.).

Bill "so who's going to Washington as our lobbyist?" S.

In article <[email hidden]>, sorni@bite-
me.san.rr.com says...

Quoted message said:

supabonbon said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

You're a dreamer, /s! AFAIK, commuting miles aren't
deductible, period. Now if you owned a business and were
visiting CLIENTS or something... (Wonder what the mileage
rate would be for bikes? Like .0000000026 cents per?!? 🙂
Sounds like maybe you're looking more for a CREDIT than a
write-off. "There oughtta be a program!" (Really, there
SHOULD be.) God knows it would do the country untold good
if more people rode bikes to work (more health, less
pollution, etc.). Bill "so who's going to Washington as our
lobbyist?" S.

It is a fair question to ask. Here at my job public
transport commuters get to set aside pre-tax dollars to pay
for their fares. Those also given a break because they can
set aside pre-tax dollars to pay for garage fees. So to be
fair, other commuters should also get the similar benefits.
-------------
Alex

supabonbon said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

probably not, typically you cannot deduct commuting costs.
When using an auto for work, you can deduct mileage IF you
are not being reimbursed by your employer... but you can't
be communting, you'd have to be meeting clients, doing
deliveries or something like that.

I am not an accountant, you might want to talk to one. The
only person I know who can write off his bikes is someone I
know that writes bike guidebooks.

Penny

"supabonbon" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

You can if you have two jobs, write off the amount traveled
from job to job, but it's usually the gas expense which is a
very small amount. Travel between jobs with a bicycle, what
would you write off ? The battery usage for your light?
You're better off saying you gave to charity. -tom

Alex Rodriguez said:

In article <[email hidden]>,
[email hidden] says...

<SNIP>

Quoted message said:

Those also given a break because they can set aside pre-
tax dollars to pay for garage fees. So to be fair, other
commuters should also get the similar benefits. -------------

I have said mentioned garage pre-tax set aside. I think I
save about $120 or so a year, but it is a little anti-green
since I do not carpool.

supabonbon said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

Can you write it off under the new IRS weight loss
deduction?

--
Scott Johnson / scottjohnson at kc dot rr dot com

Tom Nakashima said:

"supabonbon" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

You can if you have two jobs, write off the amount
traveled from job to job, but it's usually the gas expense
which is a very small amount.

oh, really. Have you checked with the IRS on that one?
Probably only if one job is subcontracted from the other and
you are self employed. Sounds fishy to me!!

penny

supabonbon said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

just to point out (not to you, you know this 🙂 that new
york state and new york city both have income taxes
(separate from federal income tax, or so i am told by a guy
who does taxes for a living all year round).

it could be possible (not saying it's the case or not) that
the state or the city may allow a deduction or give a
credit, even if the federal government does not. my tax man
is too busy at the moment to research that one for me.

this wasn't a very helpful post, i know, sorry, hh

"supabonbon" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

Yeah sure. You get 100% of your taxes back that you paid on
your bike (aside from sales tax).

Cool deal, huh? I guess they figured it wasn't enough to
simply save lots of money relative to the alternatives so
now you get a 100% refund.

Top Sirloin said:

Can you write it off under the new IRS weight loss
deduction?

I would assume that is a health deduction, subject to the 3%
threshhold.

Curtis L. Russell Odenton, MD (USA) Just someone on
two wheels...

Penny S said:

oh, really. Have you checked with the IRS on that one?
Probably only if one job is subcontracted from the other
and you are self employed. Sounds fishy to me!!

penny

No, he's right. Even if they are totally unrelated, you get
the deduction. The issue isn't that the trip is specifically
related to one job or the other, but that the trip is
related to your working, in general. If you go out of your
way to pick up dinner, which is not work related (presumed),
you're restricted to the actual mileage between the two
locations.

Curtis L. Russell Odenton, MD (USA) Just someone on
two wheels...

supabonbon said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

Keep riding your bike but deduct as if you were
commuting by car.

--
Perre

I'll take 20% please, on everybodys savings.

"Curtis L. Russell" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

Penny S said:

oh, really. Have you checked with the IRS on that one?
Probably only if

one

Quoted message said:

Quoted message said:

job is subcontracted from the other and you are self
employed. Sounds

fishy

Quoted message said:

Quoted message said:

to me!!

penny

No, he's right. Even if they are totally unrelated, you
get the deduction. The issue isn't that the trip is
specifically related to one job or the other, but that the
trip is related to your working, in general. If you go out
of your way to pick up dinner, which is not work related
(presumed), you're restricted to the actual mileage
between the two locations.

Curtis L. Russell Odenton, MD (USA) Just someone on two
wheels...

Glad someone else understands tax saving tips and write-
offs. Not sure if a fast food drive-thru qualifies in miles
for tax savings if it's in-line from job to job. Love those
fishy burgers! -tom

"supabonbon" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

That's a negative in NYC.

But here's some interesting reads:

messengers.orgseemag wayne.htmlOpen ↗

messengers.orgLAWS.HTMOpen ↗

bikesatwork.comfood asOpen ↗
fuel.html

city.toronto.on.cacommitteOpen ↗
es/plt/plt990913/it006.htm

- CA-G

Can-Am Girls Kick Ass!

[email hidden] (supabonbon) wrote in
:"]news:[email hidden]:

Quoted message said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

We have some uninformed boneheads in these groups. Its
called "The Bike Commuter Act" people... look into it. Last
I heard it was stalled in some Senate sub-commitee, most
likely dieing a cruel, slow death thanks to greedy
republicans who would rather run you over in their gas-
guzzling SUVs.

Look here for more info:

www.bikeleague.org www.americabikes.org

- Boyd S.

"Penny S" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

Tom Nakashima said:

"supabonbon" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

You can if you have two jobs, write off the amount
traveled from job to job, but it's usually the gas
expense which is a very small amount.

oh, really. Have you checked with the IRS on that one?
Probably only if

one

Quoted message said:

job is subcontracted from the other and you are self
employed. Sounds

fishy

Quoted message said:

to me!!

penny

You can check for yourself at www.irs.gov (a well done
website actually). Do a search for commuting.

From the site
irs.govch28.htmlOpen ↗

Two places of work. If you work at two places in one day,
whether or not for the same employer, you can deduct the
expense of getting from one workplace to the other. However,
if for some personal reason you do not go directly from one
location to the other, you cannot deduct more than the
amount it would have cost you to go directly from the first
location to the second.

"Boyd Speerschneider" <bspeerscREMOVE_ME@ME_TOOyahoo.com> wrote in message
"]news:[email hidden]...

Quoted message said:

[email hidden] (supabonbon) wrote in
:"]news:[email hidden]:

Quoted message said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

We have some uninformed boneheads in these groups. Its
called "The Bike Commuter Act" people... look into it.
Last I heard it was stalled in some Senate sub-commitee,
most likely

dieing a

Quoted message said:

cruel, slow death thanks to greedy republicans who would
rather run you

over

Quoted message said:

in their gas-guzzling SUVs.

Look here for more info:

www.bikeleague.org www.americabikes.org

- Boyd S.

Remember that the people who represent the areas that
produce cars and are the home to car companies tend to
be Democrats and you might want to rethink your
Republican bashing.

It would actually be nice to do away with the social
engineering in the tax code and make it simpler like a flat
tax or (an idea I like better) a national sales tax.
fairtax.orgfairtax.orgOpen ↗ if anyone is interested.

Not that this would ever happen since politicians would lose
a lot of power.

supabonbon said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

/s

Whatever you decided, I hope you were quick about it.
Conversation in our house last night (Wed) Shawn: "I haven't
signed the state return yet" Susie: "The state return? Oh
[censored]!" Had it done within an hour. :-)

Shawn

"Carla A-G" <[email hidden]> wrote in message news:<[email hidden]>...

Quoted message said:

"supabonbon" <[email hidden]> wrote in message
"]news:[email hidden]...

Quoted message said:

I commute 20 miles to and from work daily. Can I write
something like this off on my taxes in NYC? Like bike
costs and etc? I seem to remember something like this
proposed when I worked in NJ years ago.

That's a negative in NYC.

But here's some interesting reads:

messengers.orgseemag wayne.htmlOpen ↗

messengers.orgLAWS.HTMOpen ↗

bikesatwork.comfood asOpen ↗
fuel.html

city.toronto.on.cacommitOpen ↗
tees/plt/plt990913/it006.htm

- CA-G

Can-Am Girls Kick Ass!

In regard to Federal Taxes transportation expenses are not
deductible unless they qualify as expenses deductible under
Section 162. A taxpayer's costs of commuting to his place of
business or employment are personal expenses and do not
qualify as deductible expenses. -SPG