Tuesday, March 13, 2012

Chuck wants to restore commuter tax credit

From NY 1:

Senator Charles Schumer is urging his fellow lawmakers to bring back a bigger tax break for commuters that expired at the end of last year.

Workers who travel by bus, train or subway had been able to use $230 a month in pre-tax income, but as of January 1 the benefit was reduced to $125.

Schumer has inserted a measure into the federal highway bill that would reinstate the tax break and increase it to $240.

It would be retroactive to January 1.

1 comment:

Anonymous said...

Fantastic idea. Hopefully Congress realizes that they need to promote the use of mass transit rather than place it behind cars and trucks.