Bicycle commuting tax benefit
[B' Spokes: With some reluctance I am posting this as I am a very strong supporter of our local bike shops but the tax information was helpful so I will put that first and read more to find out where this helpful advice came from plus free shipping for purchases over $65 (otherwise $5). BUT PLEASE don't forget to support your local bike shop as well. Competition is getting rough with 3 new bike shops in town. They do a lot for us and we should return the favor.] **********************************************************************
Also if you haven't filed your taxes yet don't forget your bicycle commuting deduction and a FREE federal tax return from FileYourTaxes.com just use coupon code "ICYCLESUSA10"
<a href="http://www.irs.gov/formspubs/article/0,,id=210623,00.html">http://www.irs.gov/formspubs/article/0,,id=210623,00.html</a>;
For calendar year 2010, the exclusion for reasonable expenses of qualified bicycle commuting is $20 multiplied by the number of qualified bicycle commuting months during that year. Reasonable expenses include the purchase of a bicycle and bicycle improvements, repair, and storage. A qualified bicycle commuting month is any month you use the bicycle regularly for a substantial portion of the travel between your residence and place of employment and you do not receive any of the other qualified transportation fringe benefits. You are not entitled to this exclusion if the reimbursement for bicycle commuting is made under a compensation reduction agreement.
Courtesy FileYourTaxes.com
Fast, Easy, Secure!
**********************************************************************
[B' Spokes: And if you do need help with your taxes, please do not forget your fellow cyclist and professional tax return preparer: <a href="http://www.baltimorespokes.org/article.php?story=20071228211424872">http://www.baltimorespokes.org/article.php?story=20071228211424872</a>; ] **********************************************************************
As a special thank you, we have lowered our shipping rates on every item on the <a href="http://www.IcyclesUSA.com">http://www.IcyclesUSA.com</a>; website. Now most items ship for just $5.00, and for FREE if over $65.00
This is an incredible savings over our competitors, especially now that many are passing the costs of sky high fuel prices on!
Check it out! Save BIG On Bike Parts!
<a href="http://store.icyclesusa.com/">http://store.icyclesusa.com/</a>;
ICYCLES
716 N Ventura Rd. #165
Channel Islands, CA 93030
<a href="http://www.ICYCLESUSA.com">http://www.ICYCLESUSA.com</a>;
What's Related