News Article
Fiscal Cliff Deal Has Bright Spot For Some Commuters
By Katie Colaneri, WBGO News
January 3, 2013
The fiscal cliff deal signed by Congress this week has a bright spot for some commuters.
It’s called the “pretax commuter benefit:” an untaxed chunk of your paycheck that goes only toward your commute. That is, if your company offers such a plan.
Congress has nearly doubled the amount of the set-aside to $240 a month. The previous limit barely covered the cost of monthly train and bus passes.
Steven Higashide with the Tri-State Transportation campaign says the new benefit system just makes more sense.
“This represents significant pocketbook relief for hundreds of thousands of rail and bus riders in NJ. For example, if you make $50,000 a year, this will save you about $400.”
The benefit expires at the end of the year, pending yet another vote by Congress.
© 2013 WBGO News
WBGO Newsroom
-
Pollen Causing Allergy Problems
May 17, 2013
Tree pollen reaches peak, grass pollen will last several more weeks. Read More
-
Job Prospects Improving For New College Grads
May 17, 2013
Finding the job they want might take a while. Read More
-
Looking for Miles Davis' Home in NYC?
New York City. May 16, 2013
Miles Davis is still making history more than 20 years after his death. Read More
-
Newark Police Department Holds Annual Police Awards
May 16, 2013
The Newark Police department honored some of its officers today (Thursday) who have displayed courage in the line of duty. Read More
-
Newark High School Student Fatally Shot Investigation Continues
May 16, 2013
The latest shooting in Newark yesterday has left a high school student dead. Read More







