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mork the delayer
Posted: Mon Apr 09, 2007 8:44 pm Reply with quote
Joined: 06 Apr 2006 Posts: 548 Location: Providence, RI

Shouldn't there be a tax deduction for bicycle expenses? There's one for freakin' hybrid cars.

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henry
Posted: Mon Apr 09, 2007 10:29 pm Reply with quote
somewhat piggish Joined: 05 Aug 2005 Posts: 5415 Location: on porch with shotgun

I see you're doing your taxes too ...

Anybody know what a Principal Business Code is? I fucking don't.

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todd
Posted: Mon Apr 09, 2007 10:57 pm Reply with quote
Joined: 12 Jan 2007 Posts: 5

mork the delayer wrote:
Shouldn't there be a tax deduction for bicycle expenses? There's one for freakin' hybrid cars.


New from Washington DC, Maria Cantwell had reintroduced the Bicycle Commuter Tax Benefit Act.
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ksep
Posted: Mon Apr 09, 2007 11:31 pm Reply with quote
Joined: 27 Jan 2007 Posts: 1879 Location: Westlake

henry wrote:
Anybody know what a Principal Business Code is? I fucking don't.


Probably because you don't own a business, eh?

This is free (unless you have complicated stuff like a schedule D or C) http://turbotax.intuit.com/

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Stanglor
Posted: Tue Apr 10, 2007 9:36 am Reply with quote
Joined: 28 Jan 2006 Posts: 555 Location: Wallingford

mork the delayer wrote:
Shouldn't there be a tax deduction for bicycle expenses? There's one for freakin' hybrid cars.


I agree with you, the problem is that it's fairly easy to prove that you have purchased a hybrid (and assuming that you purchased a hybrid, you drive it). It is far more difficult to prove that you ride your bike as an alternative to driving a car. Finding a way to inexpensively and reliably Verify that people are riding their bikes/public transportation/feet/razrs instead of driving a car is probably the biggest obstacle between where we are now and some kind of tax break for us.

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the dreaded ben
Posted: Tue Apr 10, 2007 9:43 am Reply with quote
Grumpy Greeb Joined: 20 Aug 2005 Posts: 5329 Location: flavor country

Stanglor wrote:
mork the delayer wrote:
Shouldn't there be a tax deduction for bicycle expenses? There's one for freakin' hybrid cars.


I agree with you, the problem is that it's fairly easy to prove that you have purchased a hybrid (and assuming that you purchased a hybrid, you drive it). It is far more difficult to prove that you ride your bike as an alternative to driving a car. Finding a way to inexpensively and reliably Verify that people are riding their bikes/public transportation/feet/razrs instead of driving a car is probably the biggest obstacle between where we are now and some kind of tax break for us.


funny, it's pretty easy to figure out if you don't own a fucking car.
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lantius
Posted: Tue Apr 10, 2007 9:45 am Reply with quote
1337 Joined: 22 Jul 2005 Posts: 6705 Location: right over

interestingly though, you can get a deduction for carpooling. if you carpool to work then any compensation you get for repairs/gas/depreciation to cover the expenses of carpooling to work is tax-free. many employers make that a part of their benefits package to encourage carpooling.

why shouldn't that apply to bicycles as well?
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adpowers
Posted: Tue Apr 10, 2007 9:55 am Reply with quote
Joined: 04 Apr 2006 Posts: 164 Location: U-District

Or better yet, stop giving tax breaks for every possible good thing someone could do (cause you'll always miss something), and just start taxing the bad behavior more (aka, internalizing costs).
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Stanglor
Posted: Tue Apr 10, 2007 10:05 am Reply with quote
Joined: 28 Jan 2006 Posts: 555 Location: Wallingford

the dreaded ben wrote:
Stanglor wrote:
mork the delayer wrote:
Shouldn't there be a tax deduction for bicycle expenses? There's one for freakin' hybrid cars.


I agree with you, the problem is that it's fairly easy to prove that you have purchased a hybrid (and assuming that you purchased a hybrid, you drive it). It is far more difficult to prove that you ride your bike as an alternative to driving a car. Finding a way to inexpensively and reliably Verify that people are riding their bikes/public transportation/feet/razrs instead of driving a car is probably the biggest obstacle between where we are now and some kind of tax break for us.


funny, it's pretty easy to figure out if you don't own a fucking car.


I'm down with that solution, but how many voters in our car addicted culture do you think would be interested in this? I'm guessing not many.

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derrickito
Posted: Tue Apr 10, 2007 10:09 am Reply with quote
now with 50 percent more EVIL Joined: 22 Jul 2005 Posts: 10566

what about people who live in Bi-autic households (bicycle+auto)?
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the dreaded ben
Posted: Tue Apr 10, 2007 11:09 am Reply with quote
Grumpy Greeb Joined: 20 Aug 2005 Posts: 5329 Location: flavor country

derrickito wrote:
what about people who live in Bi-autic households (bicycle+auto)?

well, i guess your swimming in shit creek.

but at least it's a start. at least it gives people a tiny impetus to sell their cars.
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Finn
Posted: Tue Apr 10, 2007 3:30 pm Reply with quote
Alabama Joined: 15 Sep 2006 Posts: 303 Location: Central District

The average household around here spends something like 20% of their income on their car. Cost of average year on a bike vs. average year in a car beats the hell out of any tax break I've ever heard of.
But what if employers got a tax break for buying their employees' bus passes? Or, what if transit offered a longer-term (quarterly of annual), lower-price bus pass. $60 per month per head seems tough on car free families. Extending the period and reducing the rates would reward consistant transit users.
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TrikerTrev
Posted: Tue Apr 10, 2007 5:39 pm Reply with quote
Joined: 23 Oct 2006 Posts: 2303 Location: FOCO, MOFO!!!

my company gives free (yep...FREE) bus passes for the entire year if you so need, which is pretty sweet for bussers, even if ya don't use it all the time.

but for bikers i get a meager 10 bucks a month...and I have to report my miles. Assholes!
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3dw
Posted: Wed Apr 11, 2007 9:19 am Reply with quote
Joined: 29 Aug 2006 Posts: 34

TrikerTrev wrote:
my company gives free (yep...FREE) bus passes for the entire year if you so need, which is pretty sweet for bussers, even if ya don't use it all the time.

but for bikers i get a meager 10 bucks a month...and I have to report my miles. Assholes!


I got you beat, I get $21 a month if I ride 4 out of 5 days on average. Or bus, carpool, or walk 4 out of 5. Not much, but hey it's free money! I think I get a free taxi ride if I get sick at work and can't ride home, I'm not sure of the details on that one though.
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zuvembi
Posted: Wed Apr 11, 2007 9:49 am Reply with quote
Joined: 24 Jul 2005 Posts: 942 Location: Little Addis Ababa

3dw wrote:
TrikerTrev wrote:
my company gives free (yep...FREE) bus passes for the entire year if you so need, which is pretty sweet for bussers, even if ya don't use it all the time.

but for bikers i get a meager 10 bucks a month...and I have to report my miles. Assholes!


I got you beat, I get $21 a month if I ride 4 out of 5 days on average. Or bus, carpool, or walk 4 out of 5. Not much, but hey it's free money! I think I get a free taxi ride if I get sick at work and can't ride home, I'm not sure of the details on that one though.

That's almost the same as my work. $25 a month for 60% bike/walk/carpool commute or a free bus pass. Plus the taxi ride thing.

It's not loads, but it does help pay for wear and tear on tires/chains/cassettes/etc.

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Aaron
Posted: Fri Apr 13, 2007 10:14 pm Reply with quote
Joined: 25 Jul 2005 Posts: 4645

adpowers wrote:
Or better yet, stop giving tax breaks for every possible good thing someone could do (cause you'll always miss something), and just start taxing the bad behavior more (aka, internalizing costs).


Stop making sense!

Good point Andrew! I just make my employees ride to work.
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ksep
Posted: Sat Jan 03, 2009 1:30 pm Reply with quote
Joined: 27 Jan 2007 Posts: 1879 Location: Westlake

Claim your bicycle commuter tax benefit now
Quote:

You can now actually be reimbursed for riding your bicycle to work.

As of Jan. 1, employers can offer up to $20 per month to employees who regularly commute by bicycle to offset the cost of buying, repairing, improving or storing their bicycles.

Bicyclists can receive the $20 in cash reimbursements, vouchers redeemable at bicycle shops or parking locations, or as a pre-tax deduction program. It depends on what your employer wants to do.

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DJStroky
Posted: Sat Jan 03, 2009 11:34 pm Reply with quote
Joined: 25 May 2007 Posts: 356 Location: Downtown Tacoma

abamfici wrote:
Claim your bicycle commuter tax benefit now
Quote:

You can now actually be reimbursed for riding your bicycle to work.

As of Jan. 1, employers can offer up to $20 per month to employees who regularly commute by bicycle to offset the cost of buying, repairing, improving or storing their bicycles.

Bicyclists can receive the $20 in cash reimbursements, vouchers redeemable at bicycle shops or parking locations, or as a pre-tax deduction program. It depends on what your employer wants to do.


It also says: "those who use a transit pass benefit cannot apply for this". Bummer.

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Matthew
Posted: Sat Jan 03, 2009 11:56 pm Reply with quote
rookie Joined: 20 Aug 2007 Posts: 1173 Location: Sur le nord-ouest des États-Unis, pret de la frontier Québécois

IRS Forms are HAAAARD!!

Principal business codes start on page C-9 (PDF)

I won't go into all the fun things I do to scam out of paying taxes.
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tehschkott
Posted: Sun Jan 04, 2009 4:41 pm Reply with quote
daywalker Joined: 09 Nov 2007 Posts: 6108 Location: Hatertown

Aaron wrote:
adpowers wrote:
Or better yet, stop giving tax breaks for every possible good thing someone could do (cause you'll always miss something), and just start taxing the bad behavior more (aka, internalizing costs).


Stop making sense!

Good point Andrew! I just make my employees ride to work.


.

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