Your bike isn't deductible
So I was filling out taxes for me and the Misses. Here are some interesting things about how driving is deductible (note: I'm not a CPA or tax lawyer, so take this all as layman information). Now driving to and from work is not deductible, but whenever you drive someplace for work that isn't your primary work location it is. I work at one office, but often have to go a few miles to another one and back. No biggie. But if I were driving that would be deductible at the standard government rate of 48.5 cents per mile. On my bike, 0.00 cents per mile.Also, my wife and I rent a condo. If we drive over to do some condo renting business that's deductible. If I ride my bike (or take metro for that matter) I get a giant box of jack-squat didly.
Go to the doctor by car? 20.0 cents per mile. By bicycle - a goose egg.
Drive your car to volunteer for WABA? 14 cents per mile. Hop on your Huffy - zilch. Read the full article here: <a href="http://washcycle.typepad.com/home/2008/04/your-bike-isnt.html">http://washcycle.typepad.com/home/2008/04/your-bike-isnt.html</a>;
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