Friday, December 10, 2010

Now I'm Sold

It's pretty crazy that commuters have received a larger tax subsidy for parking than for transit.
Without a change in the law, the accounts will be limited next year to $120 a month. Congress temporarily raised that limit as part of a stimulus package it passed in 2009.

The higher limit brings mass transit tax breaks in line with parking subsidies for commuters who drive. People already can set aside $230 per month pre-tax for parking.