Transit benefits may decrease
The Post's Lisa Rein reports that a benefit allowing workers to set aside $230 in pre-tax money for commuting costs will decrease by almost half at the end of the year if Congress does not extend the break.
The benefit was increased from $120 in 2009 as part of stimulus efforts to jump-start the economy. Rein reports that the U.S. Department of Transportation, which manages transportation benefits for 110 federal agencies, has begun distributing information on the change.
Metro spokesman Steven Taubenkiibel told Rein that about 170,000 federal works and 115,000 private-sector employees use the pre-tax benefit. Metro board member Jeff McKay expressed concern that some commuters might choose to abandon Metro -- which implemented the most expansive fare increases in its history this summer -- if the transit benefit decreases.
An extension of the benefit has been included in a draft bill before a Congressional committee, but the bill faces an uphill battle.
From the Post's archives:
How will the change affect you? Post a comment below.
Posted by: yell53 | October 27, 2010 11:02 AM | Report abuse
Posted by: buffysummers | October 27, 2010 11:14 AM | Report abuse
Posted by: 1995hoo | October 27, 2010 11:32 AM | Report abuse