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.

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

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

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.

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

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

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...

"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 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.

"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:

http://www.messengers.org/messville/seemag-wayne.html

http://messengers.org/messville/LAWS.HTM

http://www.bikesatwork.com/cycling-for-profit/food-as-fuel.html

http://www.city.toronto.on.ca/legdocs/1999/agendas/committees/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 http://www.irs.gov/publications/p17/ch28.html#d0e69825

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. http://fairtax.org/ 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:

http://www.messengers.org/messville/seemag-wayne.html

http://messengers.org/messville/LAWS.HTM

http://www.bikesatwork.com/cycling-for-profit/food-as-fuel.html

http://www.city.toronto.on.ca/legdocs/1999/agendas/committees/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