Washcycle (as usual) has the info you need. This time it’s about the recently issued IRS guidance on the benefits allowed under the Bicycle Commuter Choice Act. Check it out and send it along to your HR people. I can’t help but think that it was a poorly drafted bit of legislation, though. Because really, could this have been intentional?
The bicycle commuter act passed last year excluded bike commuter benefits from an employee’s taxable pay, up to $20 a month. However, if you receive the $20 bicycle commuter benefit, you can not receive any other transportation benefit such as commuter highway vehicle, transit pass, or qualified parking benefits in that same month. This is different than with transit and parking. If you want to, you can take the $230 transit benefit AND $230 in parking. But for cyclists, you can either have $20 for biking or up to $430 for using transit and driving (sigh).