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Bailout Bill Gives Bicycle Commuters a Tax Break?

 
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sailorjames
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PostPosted: Wed Nov 12, 2008 9:11 pm    Post subject: Bailout Bill Gives Bicycle Commuters a Tax Break? Reply with quote
Found this nifty article in BRAIN the other day, I love the idea of it, but does anyone know how the tax credit can be received? According to the first paragraph it looks like the employer gets the tax break, so how does that trickly into my pockets? Anyone here have any tax knowledge to drop on me?

http://www.bicycleretailer.com/news/newsDetail/1878.html
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sailorjames
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PostPosted: Wed Nov 12, 2008 9:24 pm    Post subject: Reply with quote
Here also is the link to the text in the bill:

http://www.commuteconnection.com/assets/pdf/Bicycle%20Commuter%20Federal%20Benefit.pdf

You can start claiming this January 1st, 2009 apparently!
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