© 2023 by Biz Trends. Proudly created with Wix.com

Tax Break for Cycling to Work?

Thursday, March 14, 2019

This might make me get in the game More!!!

A new bill being proposed in congress could soon benefit commuters who ride bikes or e-bikes. The bill would allow riders to take a tax deduction similar to the ones that drivers can already take.

 

Bicycle Commuter Act of 2019

The Bicycle Commuter Act of 2019 was just introduced to the House of Representatives by three members of Congress.

The bill is designed to give cyclists a similar tax benefit to those received by commuters who travel by car or public transit. Currently, such commuters can receive a tax benefit of up to $265 per month, assuming their employers also participate.

The Bicycle Commuter Act of 2019 would provide 20% of that benefit to cyclists, providing a tax break of up to $53 per month. Cyclists could also deduct the cost of bicycle ridesharing programs, including electric bicycle rideshares. CLICK TO READ MORE

 

 

 

Please reload

Follow Us
  • Facebook B&W
  • Twitter B&W
  • Google+ B&W
  • YouTube B&W
Recent Posts

Friday, August 16, 2019

Tuesday, June 25, 2019

Friday, March 15, 2019

Please reload

Search By Tags