Bicycle Commuter Benefit - $20/month - how to get it at your employer | League of American Bicyclists
Headlines are quick hits from media outlets from Missouri and around the world. Follow the headline link for the full story. The source of this headline says:
The Bicycle Commuter Act provides a tax-benefited reimbursement for the expenses of bicycle commuting. On January 1, 2009, the bicycle commuting reimbursement was added to the list of qualified transportation fringe benefits covered in section 132 (f) of the Internal Revenue Service Code (26 U.S.C. sec. 132(f)).
Any employer, if they chose to do so, may provide a reimbursement of up to $20 per month for reasonable expenses incurred by the employee in conjunction with their commute to work by bike. The reimbursement is a fringe benefit paid by the employer the employee does not get taxed on the amount of the reimbursement.
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