Powered by Max Banner Ads 

If you are an urban commuter and hope to claim your bike-share expenses as tax-exempt, you’re out of luck:

Along with other unpopular things the IRS has done recently, you can add treating bike share benefits as taxable…The IRS concluded that expenses an employee bears participating in a bike share program do not qualify for the favorable tax treatment provided for qualified transportation fringe benefits.

Read the full article by visiting the original Forbes page.