Sweet! Now if only there were a direct way to get to NYC from Jersey City by bike...

Tax-free reimbursements for bike riding to work

by The Jersey Journal
Saturday January 03, 2009


Cyclists disembark Caltrain at Palo Alto Station in California on a "Bike to Work Day

People who regularly use their bicycles to get to and from work are eligible for a $20-a-month, tax-free reimbursement from their employers for bicycle-related expenses, according to the National Center for Bicycling & Walking.

Employers will in turn be able to deduct the expense from their federal taxes, the group says.

"We're hearing that many employers don't know anything about the bicycle commuter provision, or that it went into effect on Jan. 1," NCBW board chairman Peter Harkness said in a news release. "This provision is a matter of equity; it gives bike commuters benefits similar to those already enjoyed by people who drive or take public transit to work."

Part of the Bicycle Commuter Act passed by Congress in October, the $20-a-month tax relief for employers per bicycle commuting employee is to cover the cost of any employer reimbursement for reasonable expenses "for the purchase of a bicycle and bicycle improvements, repair and storage, if such bicycle is regularly used for travel between the employee's residence and place of employment," according to the Bicycle Retailer and Industry News.

http://www.nj.com/hudson/index.ssf/20 ... imbursements_for_bik.html