Federal Tax Deduction Increased for Mass Transit Commuters
Tax incentives have been boosted in 2013 for mass transit commuters. Those traveling by mass transit can now claim monthly tax deductions equal to the $240 a month that car commuters have traditionally claimed to offset parking costs. The equalized provision is expected to provide up to $190 million a year in tax incentives for transit riders.
To learn more: http://dc.streetsblog.org/2013/01/02/transit-tax-benefit-equalized-with-parking-benefit-in-fiscal-cliff-deal/
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