Search Close Menu

Tag Search Result

commuter tax benefit

Commuter tax benefit set to be cut nearly in half

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.

APTA: Extend the commuter tax benefit

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.

Transit commute tax break may soon be cut

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.

Under proposed bill, transit benefits would stay higher

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.

Public transit riders to see hefty tax boost this year

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.

N.Y. Senator pushes for transit tax break extension

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.