Riding a bike to work...

"The 2018 release of Publication 15-B includes important information regarding changes to the tax treatment of commuter benefits and the suspension of the qualified bicycle commuting reimbursement exclusion."

Where did this bicycle tax-freeby come from and where did it go?

I've never even heard of it, and now, suddenly, it's gone!! Was I napping?

Where did this bicycle tax-freeby come from and where did it go?


Defined as the purchase,repair,improvement and storage of a bicycle regularly used for travel between employees home and employment was considered a "qualified transportation fringe benefit under IRC 132(f)". Annual limit $20/mo max $240 yr not indexed for inflation.

Why does TCJA concern itself with eliminating a $240/yr benefit. Meaness?

Meaness?

Simplicity my man, simplicity!

Where did this bicycle tax-freeby come from and where did it go?

To be specific, Internal Revenue Code section 132(f)(1)(D) was enacted by section 211(a) of the Energy Improvement and Extension Act of 2008, Division B of Public Law no. 110-343, 122 Stat. 3765, 3840 (Oct. 3, 2008), effective for tax years that begin after December 31, 2008.

Section 11047(a) of the Tax Cuts and Jobs Act, Public Law no. 115-97 (Dec. 22, 2017), amended section 132(f) by adding, at the end thereof, a new paragraph (8), which makes section 132(f)(1)(D) not apply to any taxable year that begins after December 31, 2017 and before January 1, 2026.

So, as it stands now, the bicycle "thing" comes back for tax year 2026.

Thank you. I've added a note to my 2026 follow-up file.

Spell, you could backpedal and amend previous returns....