Get Your $20 Per Month Bicycle Commuter Credit

leagueamericanbicyclists

On January 1, 2009, the qualified bicycle commuting reimbursement was added to the list of qualified transportation fringe benefits covered in section 132 (f) of the Internal Revenue Service Code.  Chances are, you haven’t heard about this much or how you can take advantage.

The League of American Bicyclists has a continually updated web page to help you and your employer get set up to offer the $20/month bicycle commuter credit.

They have tons of links and information…check it out here.

Comments

Stephen - 09/09/09 - 11:04am

my company will want to know how paying me an extra $20 per month will benefit them? I couldn’t find that answer, can you help?
Thanks,
Stephen

Kristibee - 09/09/09 - 12:15pm

Stephen,
One word: Morale.
To quote Elle from Legally Blonde: “Exercise gives you endorphins. Endorphins make you happy. Happy people just don’t shoot their husbands” or co-workers, or …
:)
Just kidding, of course.

Jef - 09/09/09 - 6:12pm

More spots left for lazy bums like me who drive…

Jef - 09/09/09 - 6:13pm

And for the guests too!

Grendel - 09/09/09 - 8:02pm

Each parking slot costs them between $20,000-35,000 in 2002 dollars (figures come from Shoup’s “The High Cost of Free Parking”) not counting the cost of the land which could potentially be used for more profitable endeavors.

Cyclists are healthier therefore cost far less in sick leave.

Cyclists are awake when they get to work, they don’t need an immediate coffee break before they can be productive.

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