Thursday, October 09, 2008

bailout bill has tax break for commuting cyclists


it allows for a "qualified bicycle commuting reimbursement" for "reasonable expenses incurred by the employee during such calendar year for the purchase of a bicycle and bicycle improvements, repair, and storage, if such bicycle is regularly used for travel between the employee’s residence and place of employment"- your bike expenses, up to 20 bucks a month, can be covered by your boss as a benefit tax free.

1 comment:

Templeton said...

Sounds promising, but also pretty confusing to get your reimbursement.