Tuesday, November 25, 2008
Effective January 1st, 2009 a new tax benefit was added to the IRS Code section 132(f), employees who commute to work by bicycle can now be reimbursed for certain bicycle expenses on a tax-free basis for reasonable expenses incurred by the employee during the calendar year for the purchase of a bicycle, bicycle improvements, repair and storage, provided the bicycle is used regularly to travel between the employee's residence and the place of employment.
You Go America! You are the DUDEST!
Find out if you qualify HERE~
On another note, Please wear your helmets!