Amongst the tax law changes that the Trump administration foisted on us, this one escaped my notice until now:
"Bicycle commuting reimbursements. P.L. 115-97 suspends the exclusion of qualified bicycle commuting reimbursements from your employee's income for tax years
beginning after 2017 and before 2026."
I'm not a fan of the tax law changes in general but this was an extra kick in the pants, and yet another reminder that conservatives are not champions of biking advocacy.
This was very widely reported, however, there has been a push to change it.
Ah ok I guess it escaped my notice at the time. Glad to see this new push though.
Was an easy way for politicians to bank some paper savings. Given the way it was set up, many employers never even offered it. Hopefully any new bill will make it easier to self-report like you would business expenses. If (when?) Divvy gets on the Ventra platform, you might be able to use pre-tax transit dollars for annual passes.