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.
Thursday, October 09, 2008
bailout bill has tax break for commuting cyclists
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1 comment:
Sounds promising, but also pretty confusing to get your reimbursement.
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