Bailout Gives Tax Break To Bicycle Commuters

Written by Rachel Gordon - San Francisco Chronicle

Wednesday, 22 October 2008

Article Source: San Francisco Chronicle

Written by - Rachel Gordon - October 9th, 2008

The $700 billion bailout bill intended to stop the tailspin of the nation's financial sector did something else: It includes federal tax benefits for people who commute by bike. Starting in January, workers who use two-wheelers as their primary transportation mode to get to and from work will be eligible for a $20-a-month, tax-free reimbursement from their employers for bicycle-related expenses. In return, employers will be able to deduct the expense from their federal taxes.

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