Bikes and Taxes?

\El Paisano\

"Curtis L. Russell" <curtis@md-bicycling.org> wrote in message
news:68it70hfvp4nj81227n8cn4i1bp4ccsbp7@4ax.com...
> On Thu, 15 Apr 2004 12:14:45 -0400, Top Sirloin
> <scottjohnson@tornadosaregood.planetkc.com> wrote:
>
> >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.
>
I wouldn't recommend deducting your bicycle expenses as a medical expenses
even if you have a prescription from your Dr. to lose weight. FWIW the
medical expenses threshold is 7.5% of AGI.

As far as federal taxes go, I don't think there any deduction available for
the OP. I am not in NY so I am unfamiliar with state and local tax codes.

Matthew

Curtis L. Russell

On Thu, 15 Apr 2004 14:31:55 -0600, "\"El Paisano\""
<matthewvenhaus@hotmail.com> wrote:

>I wouldn't recommend deducting your bicycle expenses as a medical expenses
>even if you have a prescription from your Dr. to lose weight. FWIW the
>medical expenses threshold is 7.5% of AGI.

Couldn't remember the percentage - don't do taxes anymore and I know
that I don't rack up enough to get over ANY threshhold - unless they
were to be kind enough to lower it down to maybe 1 percent.

Might get a boost from a Sec 125 plan, but it would work best if you
could wrangle it for a purchase. Otherwise you'd have to document,
document, document...

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

Boyd Speerschneider

g.steve@eudoramail.com (supabonbon) wrote in
news:78583aa8.0404150813.54be462f@posting.google.com:

> 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.

Sam

"Penny S" <pennysinvalid@cetinvalid.com> wrote in message
news:107tg8sh9mlfe1c@corp.supernews.com...
> Tom Nakashima wrote:
> > "supabonbon" <g.steve@eudoramail.com> wrote in message
> > news:78583aa8.0404150813.54be462f@posting.google.com...
> >> 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
>
>

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.

Sam

"Boyd Speerschneider" <bspeerscREMOVE_ME@ME_TOOyahoo.com> wrote in message
news:Xns94CCD0A13D051bspeerscNOSPAM@65.32.1.6...
> g.steve@eudoramail.com (supabonbon) wrote in
> news:78583aa8.0404150813.54be462f@posting.google.com:
>
> > 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.

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.

Shawn Curry

supabonbon wrote:
> 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 shit!"
Had it done within an hour. :-)


Shawn

Stephen

"Carla A-G" <khsgrl@NOJUNKyahoo.com> wrote in message news:<107tos5fp7oit62@corp.supernews.com>...
> "supabonbon" <g.steve@eudoramail.com> wrote in message
> news:78583aa8.0404150813.54be462f@posting.google.com...
> > 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-...od-as-fuel.html
>
> http://www.city.toronto.on.ca/legdo...90913/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

Curtis L. Russell

On Fri, 16 Apr 2004 00:29:12 GMT, Boyd Speerschneider
<bspeerscREMOVE_ME@ME_TOOyahoo.com> wrote:

>We have some uninformed boneheads in these groups.
>Its called "The Bike Commuter Act" people... look into it.

He asked if he could take a deduction - a reference to a law not
passed has no more relevance to that than the other comments. Unless
you think virtual laws count as much as real ones...

Let me know. I have a virtual law that lets network administrators
summarily execute end users for sufficient cause, to be determined by
a jury of other administrators. Like to start using it as soon as
possible.

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

Boyd Speerschneider

Curtis L. Russell <curtis@the-md-russells.org> wrote in
newscbv70trfatuj259l9olhabrnmd25u04o5@4ax.com:

> On Fri, 16 Apr 2004 00:29:12 GMT, Boyd Speerschneider
> <bspeerscREMOVE_ME@ME_TOOyahoo.com> wrote:
>
>>We have some uninformed boneheads in these groups.
>>Its called "The Bike Commuter Act" people... look into it.
>
> He asked if he could take a deduction - a reference to a law not
> passed has no more relevance to that than the other comments. Unless
> you think virtual laws count as much as real ones...
>
> Let me know. I have a virtual law that lets network administrators
> summarily execute end users for sufficient cause, to be determined by
> a jury of other administrators. Like to start using it as soon as
> possible.
>
> Curtis L. Russell
> Odenton, MD (USA)
> Just someone on two wheels...

The OP said he had heard about a way for bike commuters to get a tax credit
*being proposed*. That's what this bill will make into law. Don't act
ignorant; You, I, and everyone reading this now all know that this bill is
what he had heard about. Ignorance is what will keep it from becoming law.
Your cute little allegories on usenet won't help either.

- Boyd S.

Curtis L. Russell

On Fri, 16 Apr 2004 13:17:02 GMT, Boyd Speerschneider
<bspeerscREMOVE_ME@ME_TOOyahoo.com> wrote:

>The OP said he had heard about a way for bike commuters to get a tax credit
>*being proposed*. That's what this bill will make into law. Don't act
>ignorant; You, I, and everyone reading this now all know that this bill is
>what he had heard about. Ignorance is what will keep it from becoming law.
>Your cute little allegories on usenet won't help either.
>
>- Boyd S.

Now how the hell do you draw that conclusion? He speaks about New York
State, and you presume he is talking about a little known (and it is
little known) bill in the U.S. Congress? You've been a certified
dumbass for how long (no allegory there)?

We won't split hairs about the issue of credit versus reimbursement
that would actually end up being minor and probably under the current
proposals, income to the recipient. You miss points like state versus
federal; I don't expect you to pick up on minor ones.

The real point that makes you a self-declared dumbass is that in your
first post all of us uninformed boneheads hadn't heard of your
unpassed bill (not actually true, but that's not relevant), but now
everyone knows that it is the one and true bill referred to.

Actually I withdraw the 'dumbass' as you haven't earned it. You are a
bonehead.

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

Richard Adams

Curtis L. Russell <curtis@the-md-russells.org> wrote in message news:<pcbv70trfatuj259l9olhabrnmd25u04o5@4ax.com>...
> On Fri, 16 Apr 2004 00:29:12 GMT, Boyd Speerschneider
> <bspeerscREMOVE_ME@ME_TOOyahoo.com> wrote:
>
> >We have some uninformed boneheads in these groups.
> >Its called "The Bike Commuter Act" people... look into it.
>
> He asked if he could take a deduction - a reference to a law not
> passed has no more relevance to that than the other comments. Unless
> you think virtual laws count as much as real ones...
>
> Let me know. I have a virtual law that lets network administrators
> summarily execute end users for sufficient cause, to be determined by
> a jury of other administrators. Like to start using it as soon as
> possible.
>
> Curtis L. Russell
> Odenton, MD (USA)
> Just someone on two wheels...


I'm waiting for the one that allows summary execution of spammers. I
may be obsessed with this idea, but I don't think that makes it bad.

Curtis L. Russell

On 16 Apr 2004 09:27:50 -0700, ackthpt@concentric.net (Richard Adams)
wrote:

>
>I'm waiting for the one that allows summary execution of spammers. I
>may be obsessed with this idea, but I don't think that makes it bad.

Throw in people that do viruses and worms and I'm with you.

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

Kevin Knorpp

I think we should be able to expense tires.

"supabonbon" <g.steve@eudoramail.com> wrote in message
news:78583aa8.0404150813.54be462f@posting.google.com...
> 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

h squared

"Curtis L. Russell" wrote:
>

>
> The real point that makes you a self-declared dumbass is that in your
> first post all of us uninformed boneheads hadn't heard of your
> unpassed bill (not actually true, but that's not relevant), but now
> everyone knows that it is the one and true bill referred to.
>
> Actually I withdraw the 'dumbass' as you haven't earned it. You are a
> bonehead.


i'm just disturbed that he thinks he knows things that others don't
simply because they are boneheads. he's not giving himself very much
credit. when i know things other people don't it's always because i'm so
fuckin brilliant, not because they're dumb as dirt.

heather, worried about boyd's self esteem.