WASHINGTON (AP) — Count commuters among the losers in the Republican tax bill that the House and Senate are expected to vote on next week. The final bill agreed to by Republican negotiators and released late Friday eliminates the tax incentive for private employers that subsidize their employees' transit, parking and bicycle commuting expenses. Currently, companies can provide parking or transit passes worth up to $255 a month to employees as a benefit to help pay for their commuting expenses, and then deduct the costs from their corporate taxes.

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Topics:  washington ap     count   house   senate   jan   republican   commuters   lose   transit parking   tax bill   commuting   month   expenses   employees   
BING NEWS:
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    04/16/2024 - 10:31 pm | View Link
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    04/12/2024 - 5:28 am | View Link
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