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New tax law relating to bicycling commuters.

New tax law relating to bicycling commuters.

Last year bicycling commuters were included in the tax code section that allows for employer reimbursement of workplace transportation costs. Thanks to the Bicycle Commuter Act, cyclists now get some of the same type of tax-free fringe benefits as do their motoring co-workers. If a company provides the benefit, which is $20 per month, a worker can put into a special tax-favored account, bicycle commuters can use that money to help defray such costs as the purchase of a bicycle, bike lock, helmet, bike parking fees, shower facilities and general bike maintenance.
(This was copy and pasted from an article from yahoo.com)

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Re: New tax law relating to bicycling commuters.

We discussed this on the old BBCTalk. At the time of that thread, no employers were participating.

2011 mileage=17,344 miles;2012 mileage=11,414 miles; 2013 mileage=12,169 miles; 2014 mileage=5,156 miles; 2015  mileage=6,200 miles; 2016 mileage=17,503 miles; 2017 mileage=4,454 miles;2018 mileage=6,749 miles;2019 mileage=4,139 miles;

Isaias O'Daniell
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