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GeorgeM
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Can I ask my employer to qualify $20 of my paycheck as a fringe benefit instead of asking for a $20 a month raise?
It would make sense for employers to take advantage too, because that $20 is free of SS and Medicare payments which they pay equally with the employees.
Commented Jun 30, 2009 on IRS Issues Direction on the Bicycle Commuter Benefit at TheWashCycle
IRS Issues Direction on the Bicycle Commuter Benefit
The League of American Bicyclists now has a page for the Bicycle Commuter Tax Provision. The IRS recently published Publication 15-B which includes the rules for the Bicycle Commuter Benefit. Go below the rules on LAB's page for the FAQ. I'll try to summarize as best I can. Fringe benefits are...
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