May 27, 2014
The parking benefit increased this year to $250, thanks to a cost-of-living adjustment implemented by the Internal Revenue Service, while the public-transportation benefit declined to $130.
December 31, 2013
Starting Jan. 1, the monthly amount that commuters can set aside before taxes to spend on public transportation is to drop from $245 to $130. It could be months before transit riders see their benefits restored to the current level, according to advocates.
December 12, 2013
President and CEO Michael Melaniphy issued a statement urging Congress to vote to extend the commuter tax benefit, which is set to expire on Dec. 31.
December 3, 2013
May go from $245 per month to $130 per month, on Jan. 1. Oregon Rep. Earl Blumenauer has gotten support from five House Republicans and 44 fellow Democrats to co-sponsor legislation that would keep the transit subsidy equal to the parking subsidy.
October 29, 2013
Getting America to Work is opposing a 50% cut in the transit benefit that is planned for Jan. 1. Current law allows workers and employers to pay up to $245 in monthly transit costs with tax-exempt dollars.
June 13, 2013
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. The benefit is set to expire at the end of the year and would drop to $125 a month.
January 2, 2013
Extends pre-tax benefits for transit commuters, meaning a $550 and up a year in tax savings per commuter, retroactive to 2012.
January 5, 2012
Congressional inaction on extending commuter benefits leads public transit riders to see taxes increase more than $550 in 2012. APTA is urging riders to push Congress to support commuter transit benefit as they resume negotiations to finalize the middle class payroll tax cut before it expires at the end of February.
December 13, 2011
Issued a letter to Senate Finance Committee Chairman Max Baucus (D-Mont.) and Ranking Member Orrin Hatch (R-Utah) stressing the importance of the benefit.
November 9, 2011
Sen. Charles Schumer called for Congress to renew the federal tax break that allows workers to use up to $230 a month of their salaries for transit costs. Nearly 3 million commuters nationwide take advantage of the benefit.
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