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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.
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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