Bicycle Austin forum

MichaelBluejay

Webmaster

From: Austin, TX

Registered: 2008-05-26

Posts: 1,466

Website

Congress punishes commuters in 2014

"The amount workers can stash away pre-tax for transit costs is being cut nearly in half to $130 a month starting in January from a current monthly limit of $245. Car commuters, meanwhile, are getting an even bigger tax break. The monthly parking benefit has been raised slightly to $250 from $245. For a commuter in the 25% tax bracket, the maximum tax break is shrinking to $390 a year from $735. Meanwhile, for people who drive to work, the maximum tax break is increasing slightly to $750 a year."

And we wonder why things are so f'd up.

http://www.marketwatch.com/story/congre … 2013-12-04