IRS and Bike Share

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.

About the author

Bicycle commuter since 1989, bicycle enthusiast for 30+ years. I am a Bookmobile/Books By Mail librarian at a large library system and the proud father of two wonderful boys.