Adding Reply Archived Topic: It will not be bumped to the top of the forum. Topic Train tickets... tax deductible? Membername   Not a member? Sign Up Free (takes 20 seconds) Password   Forgotten your password? Post Font: Verdana Arial Black Georgia Comic Sans Impact   Size: Tiny Normal Big Huge   Color: Default Dark Red Red Orange Brown Green Olive Cyan Blue Dark Blue Indigo Black [ Check Spelling ] [ Post Preview ] [ LiveTags ] FAQ Keyword Search: Post Options Favorites Manager Notify me of new replies to this topic by email Notify me of new replies to this topic by private message Original Post Just Waiting Here Posted at 1:22 pm on Nov. 11, 2008 I have no idea how taxes work, I'll be perfectly honest! Lol, either way, is there any point for me to keep all my train tickets for getting me to school?  I've heard of people being able to use them, but how do I know if I could be in the same category?

Replies JennyColada Posted at 9:27 am on Nov. 12, 2008 Sounds like a good plan. I saved all of my gas receipts (from filling up my tank to drive to work or school), but ended up not needing them anyway. I mean, it's good to have, especially if you get audited. Just Waiting Here Posted at 12:27 am on Nov. 12, 2008 Quote: from JennyColada at 8:51 pm on Nov. 11, 2008 It may be. I know of many students who deduct a portion of their gas/car expenses. Generally though, you probably won't have to keep ALL of your train tickets, but there's no harm in doing so so that you get a more accurate deduction amount (although, generally, most people do not benefit from doing an itemized deduction for their taxes [meaning, calculating and adding up all of the things they spent money on that they can take off of taxes], so the majority of people just end up using the basic deduction). When in doubt: save your receipts and simply ask your accountant if it would be useful to continue saving and calculating these deductions in the future. Better to save them and not use it as a deduction than to not save it and find out that you could have used it. Yeah, that's why I'm holding on to it.  My train expenses are very standard, so even without receipts and the like is very clear what the amounts would be anyway.  But I figure if I hold on to it, it will save some hassle in the long run :) JennyColada Posted at 8:51 pm on Nov. 11, 2008 It may be. I know of many students who deduct a portion of their gas/car expenses. Generally though, you probably won't have to keep ALL of your train tickets, but there's no harm in doing so so that you get a more accurate deduction amount (although, generally, most people do not benefit from doing an itemized deduction for their taxes [meaning, calculating and adding up all of the things they spent money on that they can take off of taxes], so the majority of people just end up using the basic deduction). When in doubt: save your receipts and simply ask your accountant if it would be useful to continue saving and calculating these deductions in the future. Better to save them and not use it as a deduction than to not save it and find out that you could have used it. Just Waiting Here Posted at 1:33 pm on Nov. 11, 2008 Quote: from MixedDelight at 1:30 pm on Nov. 11, 2008 I don't know if they are tax deductible for school. I know some public transport is for those going to work. Also, if it is, it will be a very very small amount. Tax returns can be a joke unless you're rolling in it. Haha, it's better than nothing!  Yeah, I've been looking around, and I get alot of things about it being when you have two jobs or something, but I walk for both of my jobs... and the train isn't involved. Lol, even a little bit... I suppose it's worth a try and seeing if I can get anything from it, lol. MixedDelight Posted at 1:30 pm on Nov. 11, 2008 I don't know if they are tax deductible for school. I know some public transport is for those going to work. Also, if it is, it will be a very very small amount. Tax returns can be a joke unless you're rolling in it. bornonmars75 Posted at 1:24 pm on Nov. 11, 2008 wtf? All 6 previous replies displayed.