If you take transit to get to work each day, this coming January you could pay more out of your own pocket when the transit tax deduction gets cut in half. Meanwhile drivers will keep their full parking benefit, which is double what transit commuters will be eligible to receive. For those who spend more than $120 a month on your commute in a vanpool, train or bus, the federal government will be sending a message loud and clear: they’d like you to start driving to work, where you can get $230 for parking deducted from your paycheck tax free.
A provision in the stimulus bill increased the transit benefit from $120 to $230, finally putting it on equal footing with the $230 parking benefit and extending this great benefit to everyone, whether they drive or take transit each day. But that provision is about to expire unless Congress votes to extend it during their December session.
Transportation is the second largest household expense for many households. The millions of Americans who depend on transit to get to work each day shouldn’t have to pay more to do something that also saves us energy, reduces congestion and emissions, and uses less oil.
If you do not think it is fair, then tell congress! Transportation for America has setup a petition you can sign to urge Congress to restore the transit benefit and make it equal to the parking benefit. Signatures will be delivered December 1, so you must act fast! (Source: Transportation for America)