Bike Commuter Tax Refund- Mtbr.com
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  1. #1
    I dream on two wheels
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    Bike Commuter Tax Refund

    I was just wondering how many of you are taking advantage of the Bike Commuter Tax refund. I just got my first $20 check for biking 20 miles a day to and from work.

    -Simon
    Whiskey

  2. #2
    mtbr member
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    my work is still "reviewing" it.

  3. #3
    M8 M12 M15 deez nuts
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    Unfortunately that business came about as I was being laid off. Would be nice to have an extra $20 to spend on beer.
    Donít frail and blow if youíre going to Braille and Flow.

  4. #4
    Master of the Face Plant
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    WTF? What do you have to do to get it?
    http://www.nbbikes.com/
    ^^^Best Bike Shop of MTBR 2008^^^

  5. #5
    mtbr member
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    I get paid $4 every day I ride my bike to work!

  6. #6
    mtbr member
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    OK, It's great your shareing how much money you get for commuting to work we get it.
    Now tell us how you go about getting it..............

  7. #7
    NormalNorm
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    Yeah, how does the tax return work and where do you live to get it.

    Either way, finally a refund of some type.

  8. #8
    LCI #1853
    Reputation: PscyclePath's Avatar
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    It's not exactly cash to teh commuter... It's a credit that your employer can claim on his/her business taxes in return for providing some sort of amenity or incentive to commute by bike on a regular basis.
    Ride a mountain bike... you will not regret it if you live.
    (with apologies to Mark Twain & The Taming of the Bicycle)

  9. #9
    I dream on two wheels
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    Just Google Bike commute tax refund and you can get all sorts of info. It got passed int that huge energy bill Bush pushed through before he left office.

    http://www.zimbio.com/IRS+And+Taxes/...+Break+Bicycle
    Whiskey

  10. #10
    I got nothin'
    Reputation: hydrogeek's Avatar
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    After reading the bill, it states that the employer can claim a tax deduction for each participating employee and the employee can purchase a bike or parts and submit to their employer for reimbursement. The maximum amount per month is $20.
    I ride at ludicrous speed

  11. #11
    banned
    Reputation: TraumaARNP's Avatar
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    Quote Originally Posted by hydrogeek
    After reading the bill, it states that the employer can claim a tax deduction for each participating employee and the employee can purchase a bike or parts and submit to their employer for reimbursement. The maximum amount per month is $20.
    Employer gets the tax break, and the employee gets to buy a whole lot of bike and parts with his $20 per month; BFD.

  12. #12
    I got nothin'
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    It's called stimulating the economy through you LBS. My Senator is responsible for this provision and I think it's a bone at least. $20 for free.
    I ride at ludicrous speed

  13. #13
    mtbr member
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    It is a small bone since most employers are not willing to take the time to institute the plan. I used to work for Amgen, with a history of supporting professional cycling, local cycling and employee fitness and they were just not interested at all.

  14. #14
    I got nothin'
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    Yea, I work for a large international environmental firm and I am laying on the guilt to see if I can get them to participate. It's good for our corporate image to support alternative modes of transportation, right?
    I ride at ludicrous speed

  15. #15
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    My new company in San Fran is all about alternate transportation and gives $4 per day up to $88 per month. I went from one extreme to another.

  16. #16
    Born to push....
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    I shared this info with my company an was told that since i am the only person the bikes to work the wouldn't do it.

  17. #17
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    ^ I may bring this up to our "Health and Wellness" group we have here, but there is maybe 6 of us that ride to work, and we have 2500-3000 employees. I don't see them investing much time into bike initiatives. We are pushing just to get bike racks!

  18. #18
    I'm SUCH a square....
    Reputation: bigpedaler's Avatar
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    Honestly, for most companies, $20/month isn't worth the effort to do it. My employer won't bother, I can't even get them to do things that will save them 10x that amount!

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