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transit commuter tax benefit

Restoring parity between transit tax benefits and parking tax benefits will eliminate the federal tax incentive to drive over taking public transportation, said President/CEO Michael Melaniphy in a statement.

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Transit commuter tax benefit to be cut by nearly half next year

In 2011, both drivers and mass transit riders received a $230 monthly exception. Starting Jan. 1, the tax break for drivers will go up to $240, due to a cost-of-living increase, but transit riders will be forced to make do with $125 per month in pretax money.

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