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The bicycle commuter benefit was added to IRS Code 132(f) as part of the Emergency Economic Stabilization Act of 2008, signed into law on October 3, 2008. Beginning in 2009, employers were allowed to reimburse bicycle commuters up to $20 per month tax free for each month a bicycle is used for transportation between the employee's home and place ...
An employer-paid bicycle commuter benefit qualified between January 1, 2009, and December 31, 2017. [2] [17] Provision of tax-free qualified transportation fringe benefits to employees on or after January 1, 2018 is not tax-deductible to the employer as an ordinary business expense. [18]
Bicycle commuting offers potential health, economic, and quality of life benefits — potentially offsetting some of the risks and inconveniences inherent in cycling. When compared to driving, cycling's inconveniences include limitations to travel distance, security risks, increased travel time, safety risks, impact to personal hygiene ...
As a lifelong bicycle commuter, I know the obstacles to the daily use of bicycles for transportation. Surveys show that 50% of people would ride their bikes more if it felt safer to do so.
To help with this, the Electric Bicycle Incentive Kickstart for the Environment (E-BIKE) Act has been proposed federally and would create a refundable tax credit amounting to 30 percent of an e ...
To a degree, Park and Pedal commuters share the benefits of bicycle commuting - by turning the most stressful part of their commute into a healthy bike ride. As one of the most efficient forms of transportation, cycling provides a low-impact cardiovascular workout. By parking their cars in more remote, less congested locations, commuters gain ...
While a $6,000 custom commuter bike might make you starry-eyed, plenty of sub-$1,000 possibilities may fit your needs. And while a $500 city bike is easier on the wallet, it might not offer the ...
Commute.org manages a wide range of TDM programs, including working with employers as well as directly incentivizing and rewarding commuters.. Employer services include offering information, tools, consulting, commute surveying, and bike safety workshops for employers of all types, including schools, non-profits, government agencies, and private companies.