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June 13, 2013

Under proposed bill, transit benefits would stay higher

WASHINGTON, D.C. — The Washington Post reported that some representatives in Congress are proposing that the $245-a-month in pre-tax benefits that commuters who use public transit now receive become permanent.

In January, Congress had approved increasing the pre-tax benefit from $125 as part of the “fiscal cliff” resolution, but it is set to expire at the end of the year and would drop to $125 a month.

In 2012, public transit riders saw the cap reduced to $125 a month from $230 in 2011. For the full story, click here.

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  • Donald Sandala[ June 13th, 2013 @ 11:03am ]

    What's crazy, is that the FEDS have the SAME monthly allowance for automobile parking. If they want to promote transit, reduce or better yet eliminate the parking allowance and keep the transit allowance where it's at, or better yet raise it, although $245/mo. is pretty accurate.

  • R Troy[ June 13th, 2013 @ 8:16pm ]

    There's another long ignored issue. Some employers, even though they would save on payroll tax, don't offer this transit benefit to their employees. Which means that such employees have no way to take advantage of this program.

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