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If MTA approves that new budget... my extra $100 a month goes out the window

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ave1024
I Took The Wrong Road

Member since 12/07

6153 total posts

Name:
That Led To The Wrong Tendencies

If MTA approves that new budget... my extra $100 a month goes out the window

So I was nice and happy when the new Stimulus plan allows me to deduct double of my commuting expenses. That along with the new tax cuts allowed me to take home an extra $100 a month.

Now if MTA approves this new budget with 25% rate hikes, those new savings go right out the window.

My friend said her Penn to Ronkonkoma would go up $74 dollars. I would also assume subways would go up too.

Posted 3/25/09 9:40 AM
 
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Christine
2nd verse same as the 1st

Member since 5/05

15287 total posts

Name:

Re: If MTA approves that new budget... my extra $100 a month goes out the window

I heard the subway might go up to $2.50.

If the 25% passes - my ticket will go up to $200 and I am still in Queens for pete's sake. Chat Icon I am waiting for the announcement before I get my transit checks this week.

Message edited 3/25/2009 9:46:34 AM.

Posted 3/25/09 9:42 AM
 

KGools
Happy

Member since 9/06

9532 total posts

Name:
Kim

Re: If MTA approves that new budget... my extra $100 a month goes out the window

I'm praying so hard it doesn't go up. I wouldn't be able to afford getting into work every morning. How does that makes sense?! Chat Icon

Posted 3/25/09 9:54 AM
 

Blu-ize
Plan B is Now Plan A

Member since 7/05

32475 total posts

Name:
Susan

Re: If MTA approves that new budget... my extra $100 a month goes out the window

My umlimited metro card will go up $22/month. My LIRR ticket will go up $66 a month.

My monthly commute will now be $369.

For the same or worse service.

Chat Icon

Posted 3/25/09 10:03 AM
 

k-diggity
stay classy.......

Member since 6/08

1332 total posts

Name:
: )

Re: If MTA approves that new budget... my extra $100 a month goes out the window

My commute would go up $80 for a total of $403/month!

Posted 3/25/09 10:18 AM
 

Sherwood
LIF Adult

Member since 8/08

1643 total posts

Name:
s

Re: If MTA approves that new budget... my extra $100 a month goes out the window

I am so furious about this that I just sent a letter to the State Majority leader. Not that it will do any good...

Posted 3/25/09 10:50 AM
 

theburbshereicome
LIF Adolescent

Member since 11/08

885 total posts

Name:

Re: If MTA approves that new budget... my extra $100 a month goes out the window

It's disgusting. Monthly MTA will go from $80 to over $100. My LIRR ticked will also go up.... It’s really disheartening that middle class is getting pushed out of LI and in general. I was watching the news interview people on the LIRR last night and it literally makes me sick to hear these peoples stories, some are having to literally CHOOSE between groceries and commuting, some are thinking of selling their homes, and others were just totally breaking down. It’s really just awful.Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 3/25/09 10:58 AM
 

nicrae
He's here!

Member since 12/06

9289 total posts

Name:
Mommy

Re: If MTA approves that new budget... my extra $100 a month goes out the window

If this goes through my commute will be $341 a month just for the LIRR. Add on a metro-card and I think I am going to throw up Chat Icon

Posted 3/25/09 11:14 AM
 

Cheeks24
Living a dream

Member since 1/08

8589 total posts

Name:
Cheeks

Re: If MTA approves that new budget... my extra $100 a month goes out the window

My ticket goes up $46.25 so I'll be paying $231.25 nowChat Icon

Posted 3/25/09 11:16 AM
 

robynfs
12/6/10!!

Member since 9/05

4947 total posts

Name:

Re: If MTA approves that new budget... my extra $100 a month goes out the window

It passed...that totally stinks. If I was still doing that commute, I would be completely frustrated!

Chat Icon Chat Icon Chat Icon Chat Icon Chat Icon

Posted 3/25/09 12:06 PM
 

hotelcalie
LIF Adult

Member since 12/05

1392 total posts

Name:

Re: If MTA approves that new budget... my extra $100 a month goes out the window

Posted by ave1024

So I was nice and happy when the new Stimulus plan allows me to deduct double of my commuting expenses. That along with the new tax cuts allowed me to take home an extra $100 a month.




How do you write off the expense? My CPA said no.

Posted 3/25/09 1:41 PM
 

VickiC
Rocking the party

Member since 5/05

4937 total posts

Name:
Vicki

Re: If MTA approves that new budget... my extra $100 a month goes out the window

Posted by hotelcalie

Posted by ave1024

So I was nice and happy when the new Stimulus plan allows me to deduct double of my commuting expenses. That along with the new tax cuts allowed me to take home an extra $100 a month.




How do you write off the expense? My CPA said no.



Transit checks! It reduces your overall taxable income and you get that money back every month by reimbursement.

I'll have to up my contribution every month now.

Posted 3/25/09 1:48 PM
 
 

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