Commuter plans are amazing for multiple reasons: they save employers and employees taxes, they reduce greenhouse gases, and they help prevent highway congestion.
Most employees can save money on their commute with pre-tax plan options for vanpool, mass transit, and parking. But what about the employees who prefer a non-motorized, two-wheel commute?
There’s a plan for them too.
Employees who prefer their bike over mass transit and carpools can pocket tax-free cash as well. The Bicycle Commuter Plan is employer sponsored and allows employees to request monthly reimbursement (up to $20 per month) on bicycle maintenance and gear tax-free!
It’s a better time than ever to promote the retro style of commuting – and its modern tax-savings counterpart – because May is National Bike Month.
And May 19th is National Bike to Work day!
On May 19th, commuters will trade in their gas and horn for pedals and a bell. Here are some fun-filled bicycle facts to celebrate and encourage those commuters:
- Pedals weren’t added to the front wheel of a bicycle until 1858 – 41 years after the improved design of a two-wheel mechanism with handle bars
- Bicycles were originally called the Velocipede and “boneshaker”
- Rubber tires replaced iron tires in 1869
- The league of American Wheelmen (now the League of American Bicyclist) lobbied for paved roads to improve riding conditions – this was the precursor to the modern highway
- Bicycles’ popularity declined in 1898 – just two years after Henry Ford introduced the automobile
- Bike Month was introduced the same year the Federal-Aid Highway Act was passed – in 1956
- Bicycles become popular again in 1962
- Because of highway congestion, bicycling to work is one of the quicker commute options
Want to know more about pre-tax plans and commuter options? Fill out the form below or schedule a call with an Account Executive here.