Bigger tax incentive in store for transit riders

(Andrew Burton/Reuters)

The fiscal-cliff deal Congress and the president approved this week includes a larger tax incentive for using public transportation, the Post’s Dana Hedgpeth reported Thursday

Transit riders will benefit from a higher cap of $240 per month in pretax income they can set aside for public transportation, compared to $125 last year — which was a reduction from the 2009 through 2011 rate of $230.

A growing number of commuters had been opting to drive rather than use public systems due to the 2012 decrease in tax benefits, rising fares and inconveniences associated with renovating the aging networks, Hedgpeth reported.

The new rate matches the amount drivers can set aside for parking expenses.  

For more federal news, visit The Federal Eye, The Fed Page,and PostPolitics.

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Josh Hicks covers Maryland politics and government. He previously anchored the Post’s Federal Eye blog, focusing on federal accountability and workforce issues.

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Josh Hicks · January 3, 2013

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