Transit Tax Break Under Threat

If Congress doesn't take action by the end of the year, a tax break that subsidizes the purchase of transit tickets at the same rate as workplace parking will be chopped nearly in half.

"For the past four years, public transportation users and people who drive their cars to work and pay for parking have been able set aside up to $245 a month in wages tax free if they're used for commuting costs or workplace parking," explains David Welna. 

"The transit tax break expires at the end of the year. So starting Jan. 1, the benefit for riders will be cut nearly in half — to $130 a month. Drivers, on the other hand, will get a slightly bigger break as their parking benefit rises to $250."

"We've heard lots of talk about fiscal cliffs, a dairy cliff, but at the end of the year, we are facing a transit commuter cliff," said Oregon Rep. Earl Blumenauer.

Full Story: Tax Break For Mass-Transit Commutes May Soon Be Slashed

Comments

Prepare for the AICP Exam

Join the thousands of students who have utilized the Planetizen AICP* Exam Preparation Class to prepare for the American Planning Association's AICP* exam.
Starting at $199
Planetizen Courses image ad

Planetizen Courses

Advance your career with subscription-based online courses tailored to the urban planning professional.
Starting at $14.95 a month
Wood necklace with city map

City Necklaces

These sweet pendants are engraved on a cedar charm with a mini map of selected cities. The perfect gift for friends and family or yourself!
$28.00
Book cover of Contemporary Debates in Urban Planning

Contemporary Debates in Urban Planning

Featuring thought-provoking commentary and insights from some of the leading thinkers and practitioners in the field.
$18.95