If passed, the Bicycle Commuter Act of 2019 would allow cyclists to deduct more than $50 per month and write off bike-share memberships.
Getting to work can be a hassle — and costly to boot. That’s why the Internal Revenue Code currently allows people who commute by car or public transit to receive a tax break up to $265 per month (if their employer participates).
Unfortunately, no such tax provision exists for bike commuters. But that might soon change thanks to a bipartisan bill introduced in the House this month.
The Bicycle Commuter Act of 2019 would add cyclists into the benefit category along with motorists and public transit users. If passed, the bill would provide 20 percent of the existing deduction — about $53 — and allow commuters to write off their bike-share memberships, even on electric bikes.
Bicycle Commuter Act of 2019
Before this year, cyclists had been able to receive a $20 per month tax credit through their employers. Of course, that changed when President Trump signed a massive tax overhaul that effectively wiped out that benefit.