Bicycle Tax Provision FAQ

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Bicycle Tax Provision FAQ

tax_creditThe League of American Bicyclists has posted a FAQ about the Bicycle Tax Provision, which has been in effect since January 1, 2009.

From what I understand, this provision will allow both employees and employers to save income and payroll taxes on up to $240 per year in compensation for use towards bicycle commuting related expenses. Note: the savings are on the taxes for that compensation; the government does not provide the actual $240 per year.

Has anyone been successful in getting his employer to participate?

By | 2009-02-05T13:20:16+00:00 February 5th, 2009|Categories: Advocacy|Tags: |2 Comments