Im sick of paying ridiculous monthly fees for taking a bus to the city every day, so Im thinking of taking the little shuttle buses that run in the downtown section of my town for less money. The problem is, these little immigrant buses dont give receipts for riding their bus, you just pay and go to NY. Will I still be able to put the money i spend on the ride as a tax deduction next year?
2007-04-22 11:49:30 · 5 answers · asked by Bool 2 in Business & Finance ➔ Taxes ➔ United States
Commuting expenses are not deductible on the Federal Tax return.
2007-04-22 12:42:16 · answer #1 · answered by Anonymous · 2⤊ 0⤋
Regardless of the method, commuting expenses are not deductible. If it's cheaper and meets your need, go for it, but you won't get a legal deduction either way.
2007-04-22 14:17:28 · answer #2 · answered by Bostonian In MO 7 · 1⤊ 0⤋
No, commuting expenses, whether bus, train, car or another means, are not deductible. The bus you've been taking isn't deductible either.
2007-04-22 14:08:45 · answer #3 · answered by Judy 7 · 1⤊ 0⤋
It seems to be unanimous.
I hope you're not deducting those bus passes on your personal income tax. Commuting is not deductible.
(By any chance are you traveling between jobs? Technically, travel to and from your first and last job is called "commuting", but travel in between jobs is deductible if you don't go home first. My memory is fading on travel deductions, but I think that's right.)
2007-04-22 15:59:14 · answer #4 · answered by Anonymous · 2⤊ 1⤋
as long as you keep good records of the expense it should be considered and unreimbursed employee expense which is tax deductible!
2007-04-26 06:14:04 · answer #5 · answered by karen h 3 · 0⤊ 1⤋