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DAMMIT! I just found out my commuting costs are not deductable

ThePresence

ThePresence

Elite Member
I'm pretty steamed, because I pay about $30 a day in commuting costs. My accountant just told me that I can only deduct it if I was working for myself or if I was a contract worker, not if I'm on the payroll. :|
 
I've been doing this for nine months now. It's NJ to NY, I pay 8 bucks for the Verazanno Bridge, 6 bucks for the Outerbridge or Geothals bridge, 1 buck for the Garden State Parkway, 1 buck for the NJ Turnpike, and $10 gas.
 
Originally posted by: ThePresence
I'm pretty steamed, because I pay about $30 a day in commuting costs. My accountant just told me that I can only deduct it if I was working for myself or if I was a contract worker, not if I'm on the payroll. :|
Click to expand...

I feel your pain brother. I've clocked thousands of mile on commuting to/from work and spent probably close to $1000 in parking but it wasn't deductible. A couple years ago when I was considered self-employed (I had no taxes withheld from my paycheck) I was able to deduct everything. Being on payroll is great but it sucks that you can't take as many things off as deductions at the end of the year.
 
That's why I love working for Unka Sam. He paid for me to take public transportation to and from work every day (actual drive time for me per day: 25 minutes) for the last two summers (and continues to pay for my mom even now). My friend (who doesn't work for the government) only gets that money untaxed.
 
If your company has flex spending you might be able to get it tax free.

I have about $200/mo in transportation costs and parking taken off my salary each month. The only problem is if I don't spend it all by the end of the year, I lose it.
 
That's a whole heck of a lot of receipts you must have.

It sucks that you can't deduct it, but on the other hand, you probably make a lot more by working in NY.
 
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