Bicycle Commuter Act
On January 1, 2009, the qualified bicycle commuting reimbursement was added to the list of qualified transportation fringe benefits covered in section 132 (f) of the Internal Revenue Service Code.
The Bicycle Commuter Act is a simple, equitable solution to put cyclists on the same footing as people who receive qualified transportation benefits for taking transit or driving (or parking, actually) their cars to and from work.
Any employer, if they chose to do so, may provide a reimbursement of up to $20 per month for reasonable expenses incurred by the employee in conjunction with their commute to work by bike.
Please note, that unlike the other qualified transportation fringe benefits, a qualified bicycle commuting reimbursement benefit cannot be funded through employee pre-tax income, nor can an employee receive both the transit and bicycle QTF in the same month.
Click here to download the League Bicycle Commuter Tax Reimbursement Cards for your workplace.