Clean Transport

Published on February 3rd, 2013 | by Zachary Shahan

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Transit Tax Benefit Now Equal With Parking Benefit

February 3rd, 2013 by  

I know — like me, you had no idea car commuters had more in the way of tax benefits than transit commuters. Sadly (and quite regressively), they did. But that was recently fixed by some savvy, transit-friendly senators.



 
From Streetsblog:

The commuting costs that straphangers could claim as tax-deductible had been reduced to a maximum of $125 per month last year, well below the $240 that car commuters could claim monthly to offset parking costs.

With transit and parking benefits again equal, there will be one less pernicious financial incentive to drive to work alone, as David Alpert at Greater Greater Washington noted.

There are many reasons to take transit instead of drive. Good to see they’re now on level playing field in the tax credit category.

This is part of an experimental “Sunday quickies” series in which we quickly cover stories recent stories for which we didn’t have time during the previous week.


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About the Author

is tryin' to help society help itself (and other species) with the power of the typed word. He spends most of his time here on CleanTechnica as its director and chief editor, but he's also the president of Important Media and the director/founder of EV Obsession, Solar Love, and Bikocity. Zach is recognized globally as a solar energy, electric car, and energy storage expert. Zach has long-term investments in TSLA, FSLR, SPWR, SEDG, & ABB — after years of covering solar and EVs, he simply has a lot of faith in these particular companies and feels like they are good cleantech companies to invest in.



  • Otis11

    So the sunday quickies is an interesting concept… but it doesn’t work if the article lacks enough framing to establish a frame of reference. Unless it’s normal for people to be familiar with tax-deductible parking???

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