Well, maybe? Federal law now allows employers to provide a tax-exempt benefit to bike commuters, paying up to $20 a month reimbursement for cycling expenses (idea was to put them on the same playing field as people who receive similar benefits for taking public transit or carpooling). Like anything else with the IRS seal, there’s plenty of ifs, qualifiers, and whathaveyou’s, but, hey, if it works works for you, why not? Click to check out the (mind-bending) details. And don’t forget to the even better reasons to ride: health, fresh air, no pollution, FEELING FANTASTIC!
Tax Credit for Northern Michigan Bike Commuters
