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What's the Bicycle Commuter Act?
August 01, 2009
The Bicycle Commuter Act was added to the Internal Revenue Code as a part of the Emergency Economic Stabilization Act of 2008.
It creates a qualified transportation fringe benefit employers may offer if they choose to do so. Under qualifying circumstances an employer may reimburse an employee up to $240 per year, and the employee may deduct that reimbursement from taxable income. Check with your employer to see if you qualify. Be safe. Be courteous. Share the road.
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MalcolmLaw - The Legal Specialist
- 1316 East 35th Place, Suite 200
- Tulsa, Oklahoma 74105
- View Map
- P: 918-582-1414
- F: 918-743-1426
- Email MalcolmLaw
