Bikes and Taxes?

supabonbon

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

Top Sirloin

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.

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

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

S o r n i

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.

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.

Penny S

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

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

Alex Rodriguez

In article <RGyfc.14782$_I3.9301@twister.socal.rr.com>,
sorni@bite-me.san.rr.com says...

>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.
>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

Tom Nakashima

"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. 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

Ride-A-Lot

Alex Rodriguez wrote:
> In article <RGyfc.14782$_I3.9301@twister.socal.rr.com>,
> sorni@bite-me.san.rr.com says...
<SNIP>
> 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.

Penny S

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

h squared

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

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

Chris

"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


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.

Curtis L. Russell

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.

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

Curtis L. Russell

On Thu, 15 Apr 2004 10:03:23 -0700, "Penny S"
<pennysinvalid@cetinvalid.com> wrote:

>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...

Tom Nakashima

"Curtis L. Russell" <curtis@md-bicycling.org> wrote in message
news:cnit705k70ruofdlmfgjr3jo44bbe693o2@4ax.com...
> On Thu, 15 Apr 2004 10:03:23 -0700, "Penny S"
> <pennysinvalid@cetinvalid.com> wrote:
>
> >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...

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

Per Elmsäter

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

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

--
Perre

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