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  1. #1
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    Shouldn't bikes be tax deductible as well?!

    It just occurred to me... When we file taxes there are questions where you are asked:

    Did you have some home improvement where it benefits the environment?
    Do you own a hybrid?

    I think it should have a question if you own a bicycle and ride it to work?!

    Just saying...

  2. #2
    Humvee of bikes =Worksman Nightshade's Avatar
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    Only IF they are part of your business overhead equipment.
    My preferred bicycle brand is.......WORKSMAN CYCLES
    I dislike clipless pedals on any city bike since I feel they are unsafe.

    Originally Posted by krazygluon
    Steel: nearly a thousand years of metallurgical development
    Aluminum: barely a hundred, which one would you rather have under your butt at 30mph?

  3. #3
    That Guy McTrey's Avatar
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    I have shoes, and I sometimes walk to work. Do I get to deduct those too?

    Nah, I don't think that would work so well. It would be nice though...

  4. #4
    You gonna eat that? Doohickie's Avatar
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    Silly rabbit... bikes are just toys!
    I stop for people / whose right of way I honor / but not for no one.



    Originally Posted by bragi "However, it's never a good idea to overgeneralize."

  5. #5
    Senior Member mulveyr's Avatar
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    Quote Originally Posted by johnj2803 View Post
    It just occurred to me... When we file taxes there are questions where you are asked:

    Did you have some home improvement where it benefits the environment?
    Do you own a hybrid?

    I think it should have a question if you own a bicycle and ride it to work?!

    Just saying...
    Nope. The tax code is already ridiculously complicated enough, without adding in even more exceptions.
    Knows the weight of my bike to the nearest 10 pounds.

  6. #6
    Senior Member xizangstan's Avatar
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    I'm pretty sure you can get your own set of exceptions written into the tax code, if you contribute to a congressman's successful campaign.

    I believe shoes are deductible if they're required for work - such as hardtoe work boots. If it's something required in your work. Ask a competent CPA. Not just a bookkeeper, but a real CPA.

    While my bike isn't absolutely necessary in my performance of my job as a marina general manager, I do use it in traveling around between the office, the docks, the store, dry storage, etc. with panniers and laptop computer and papers. I think there's an allowance for bike repairs and parts, but not much for gas...

    A bicycle can be used as a tool in your work. Take for example a bicycle messenger service.
    Who is John Galt?

  7. #7
    coprolite fietsbob's Avatar
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    People have run for political office to advance worse priorities..

  8. #8
    Senior Member Garfield Cat's Avatar
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    Here's one way: (Univ of California)

    Bicycle Commuting Tax Credit – update March 2009

    Charlotte Strem, Acting Director Physical and Environmental Planning, UC Office of the President

    UC appreciates the dedicated and environmentally conscious faculty and staff who commute to
    work by bike. We were excited to learn about the federal tax credit passed by the legislature last
    fall, and immediately investigated whether and how UC could use this tax credit.

    The federal tax credit is designed for employers to administer, and because UC does not pay
    federal taxes, unfortunately UC cannot use the federal tax credit as it is currently structured. We
    continue to monitor legislation in this area, and there is proposed legislation this year which may
    resolve this barrier.

    UC is still exploring ways to encourage employee bike commuting. It reduces our GHG
    emissions, reduces our traffic impact on local intersections, and reduces the need to construct
    parking structures. In order to determine the financial feasibility of any bike commute support,
    we need a better estimate of the number of employees who commute by bike. If you are a UC
    employee who commutes by bike, please contact the Transportation office at your campus to
    register as a bike commuter.

    The law

    The Emergency Economic Stabilization Act of 2008 Section 211 included a provision to add “qualified bicycle
    commuting reimbursements”

    Internal Revenue Code 132(f)(1)(D), as amended by the Emergency Economic Stabilization Act of 2008,
    Section 211

    The Emergency Economic Stabilization Act of 2008 includes a provision that, effective for tax years beginning after
    Dec. 31, 2008, adds “qualified bicycle commuting reimbursements” to the list of qualified transportation fringe
    benefits that are not included in taxable wages.

    IRC 132(f)(5)(F)(i) defines a “qualified bicycle commuting reimbursement” for any calendar year, as any employer
    reimbursement during the 15-month period beginning with the first day of the calendar year for reasonable expenses
    incurred by the employee during that calendar year for the cost of a bicycle, bicycle improvements, repairs, and
    storage. The bicycle must be regularly used for travel between the employee's residence and place of employment.

    (ii) Applicable Annual Limitation – the term Applicable Annual Limitation mean, with respect to any employee for
    any calendar year, the product of $20 multiplied by the number of qualified bicycle commuting months during such
    year.

    (iii) Qualified bicycle commuting month – the term “qualified bicycle commuting month” means, with respect to
    any employee, any month during which such employee –

    (I) regularly uses the bicycle for a substantial portion of the travel between the employee’s residence and
    place of employment, and

    (II) does not receive any other transportation fringe benefit.

    G:\PD\Sustainability\Sustainable Transportation\Bike Commute Tax credit\Bicycle Commuting Tax Credit 3 09 update.doc

  9. #9
    Heretic Caretaker's Avatar
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    They are in Ireland up to a value of €1,000. That's about US$1,350.

    http://www.bikescheme.ie/
    History is the future

  10. #10
    coprolite fietsbob's Avatar
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    If you are an independent business owner of a bike messenger service, it is a part of your
    tools to conduct your business's business .
    not as applicable if, say, an employee of a bike messenger company .

    [anyone know from doing Pizza delivery which required you to use
    your own car?, taken depreciation, fuel, maintainence, cost's, etc]

    the Irish scheme is the result of the actions of citizens working together
    to achieve a change to the tax code, there.
    Last edited by fietsbob; 05-14-11 at 10:40 AM.

  11. #11
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    wow, so many different reactions! this is great!

  12. #12
    Devil's Advocate andychrist's Avatar
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    You can deduct anything as long as you don't get audited.

  13. #13
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    There is a bicycle commuter benefit up to $20 per month if your employer offers it. My employer already informed me that they would not pursue it because the administrative costs would be too high. And yet, they will subsidize use of public transit and van pools up 100% or $270 (or whatever the IRS limit is) per month whichever is less.

    I can't help but say it's a ****ty program when my co-work gets a subsidy for commuting 120 mi each way by van pool 3 to 4 days a week. Employer only requires they use public transit for a majority of their commute for them to receive the subsidy.

  14. #14
    Senior Member Nermal's Avatar
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    [QUOTE=fietsbob;12642122].

    [anyone know from doing Pizza delivery which required you to use
    your own car?, taken depreciation, fuel, maintainence, cost's, etc]
    QUOTE]

    You just take 1040 and probably Schedule C for business use of personal auto. Anyhow, you can do it though maybe not Schedule C. I think you have the option of itemizing fuel, insurance, and depreciation or taking a standard per mile deduction. Keep good records and keep them for a minimum of three years. Be aware that depreciation lowers the cost basis of the car when you sell it.

    ETA: That's three years from the time you dispose of the asset, by the way. I wouldn't consider it with a bike unless it were high dollar and it were exclusively in business use.
    Some people are like a Slinky ... not really good for anything, but you still can't help but smile when you shove them down the stairs.

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