Exciting News - Bicycle Commuters Get Fringe Tax Benefit
Included in the recent Economic Stimulus bill is a Bicycle Commuter Tax Benefit. Employees can receive up to $20/month to help defray costs of bicycle commuting (maximum of $240/year). This can be used for bicycles, bicycle maintenance, bicycle parts, bicycling accessories and bicycle parking. It is a voluntary benefit that employers can offer to employees starting January 1, 2009.
To find out more about this benefit and how you can encourage your employer to offer this to help offset your commuting expenses, visit the following link: