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AimPoint Pension
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Bates & Company, Inc.
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Congress Punishes Public Transit Commuters in 2014
MarketWatch Dec. 4, 2013
"The amount workers can stash away pre-tax for transit costs is being cut nearly in half to $130 a month starting in January from a current monthly limit of $245. Car commuters, meanwhile, are getting an even bigger tax break. The monthly parking benefit has been raised slightly to $250 from $245. For a commuter in the 25% tax bracket, the maximum tax break is shrinking to $390 a year from $735. Meanwhile, for people who drive to work, the maximum tax break is increasing slightly to $750 a year."
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