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KGools
Happy
Member since 9/06 9532 total posts
Name:
Kim
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Tax Question...
Should your commute factor into your taxes?... Especially if you take mass transit like LIRR?
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Posted 2/25/08 12:05 PM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
Lisa
I'm a PANK!!!
Member since 5/05 22334 total posts
Name:
Professional Aunts No Kids
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Re: Tax Question...
I wish I could use it as a deductible!!
that would make me happy....
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| Posted 2/25/08 12:07 PM |
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KGools
Happy
Member since 9/06 9532 total posts
Name:
Kim
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Re: Tax Question...
Posted by Lisa
I wish I could use it as a deductible!!
that would make me happy....
Oh well... I figured since I spend so f'n much each month that it would count for something.
Thanks for answering 
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| Posted 2/25/08 12:08 PM |
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ave1024
I Took The Wrong Road
Member since 12/07 6153 total posts
Name:
That Led To The Wrong Tendencies
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Re: Tax Question...
Your employer may have a qualified transportation expense program that allows you to deduct a portion of the cost of the LIRR.
I think the maximum monthly "transportation" allowance by law is $115. Still not enough for a monthly ticket (nevermind the additional cost of the subway). 
This is an employer benefit though, so your employer has to participate.
I do know you can't deduct your transportation to go to and from your job on your taxes.
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| Posted 2/25/08 12:10 PM |
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KGools
Happy
Member since 9/06 9532 total posts
Name:
Kim
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Re: Tax Question...
Posted by ave1024
Your employer may have a qualified transportation expense program that allows you to deduct a portion of the cost of the LIRR.
I think the maximum monthly "transportation" allowance by law is $115. Still not enough for a monthly ticket (nevermind the additional cost of the subway).
This is an employer benefit though, so your employer has to participate.
I do know you can't deduct your transportation to go to and from your job on your taxes.
Yes, we use WageWorks here.
Thanks for the info.
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| Posted 2/25/08 12:12 PM |
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