Thursday, June 18, 2009

Federal law provides tax benefits for commuters who ride their bicycle to work

The federal government is responding as part of the Energy Act in 2009, to provide tax benefits for commuters who ride their bicycle to work. If your employer offers this benefit, you can receive $20/month for each month you use your bicycle as your primary source of transportation to work so long as you do not accept any other transit benefit. The difference between this tax benefit compared to the normal transit/parking benefits is that is is not a pre-tax benefit; rather, the $20 received is an employer paid benefit.

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