Thread: Anyone using the bike commuting tax credit?
View Single Post
Old 03-19-09 | 04:24 PM
  #14  
Scubachisteve's Avatar
Scubachisteve
Super Senior Member
 
Joined: Jan 2008
Posts: 230
Likes: 0
From: San Clemente, CA

Bikes: 2008 Fuji Roubaix, 1988 Peugeot Monaco; 1985 Peugeot PH501

Originally Posted by Andy_K
The HR guy here says that it's not even a matter of the government reimbursing the company. The company merely gets to write it off on taxes, which means that they get much less than $20 back.
Correct, it simply lowers the company's taxable income by $20(x)
Scubachisteve is offline  
Reply
0