[matt at loganfamily.ws matt at loganfamily.ws ] As part of the $700 billion financial bailout bill, a new bicycle commuter fringe benefit tax write-off has been signed into law today.
The law applies to taxable years beginning after December 31, 2008, and allows a business a tax-write-off of $20 per bike-commuter month per year for employees that use a bicycle for a substantial portion of the travel between an employees residence and their place of employment. Hurray! _______________________________________________ Bikies mailing list [email protected] http://www.danenet.org/mailman/listinfo/bikies
