How to Benefit from Transportation-Related Fringe Benefits

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You can take advantage of relatively generous transportation-related fringe benefits for commuting to work. Congress by offering such incentives has sought to lessen our dependence on foreign oil and protect the environment. Such incentives include monthly tax-free fringe benefits for using mass transit and bicycle. Ironically, Congress has provided fringe benefits for parking, too. Let us educate ourselves about these transportation-related fringe benefits.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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