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Qualified Bicycle Commuting Exclusion

Qualified Bicycle Commuting Exclusion

Under New 2017 Tax Law: For tax years beginning after December 31, 2017 and before January 1, 2026, the qualified bicycle Commuting exclusion is suspended.

 

Background: Under old tax law, employees were allowed to exclude up to $20 per month in qualified bicycle commuting reimbursements received from their employers during a 15-month period beginning with the first day of the calendar year as payment for reasonable expenses during a calendar year.

 

Zaher Fallahi, Tax Attorney, CPA, is a Tax Controversy Attorney, and defends taxpayers in resolving their Income Tax and Offshore Accounts (FBAR and FATCA) problems. Telephones: (310) 719-1040 (Los Angeles), (714) 546-4272 (Orange County), e-mail [email protected]