4 ms·
> Those who walk or bike to work receive no commuter tax benefit False. It’s possible to pay for mass transit with pretax dollars.
by coredog64 7y ago
> Those who walk or bike to work receive no commuter tax benefit
False. It’s possible to pay for mass transit with pretax dollars.
- bluGill 7y agoIs that in a theoretical sense, or is it something I could do now? If the latter can you be more specific - how do I use pre-tax dollars to pay for my bus fare?
- sokoloff 7y agoNot for an individual fare, but an employer can offer monthly/annual passes on a pre-tax basis (up to $265/mo for 2019) https://www.irs.gov/pub/irs-pdf/p15b.pdf https://www.irs.gov/pub/irs-pdf/p15b.pdf
- superseeplus 7y agoYou can pay for transit with pretax dollars but not for biking. There used to be a $20 per month commuter benefit but it was killed as part of the Republican tax overhaul. Even before it was killed, you couldn’t use both the bicycling and transit benefit if for example you rode to a park and ride transit stop. You can take advantage of both the parking and transit benefit if you drive to a transit stop.