Legally speaking with Bob Mionske: Tax break for bicycle commuters?
Bob,I noticed that there is a tax break for people who commute and also those who use hybrid vehicles to commute. Someone told me that there may be a deduction available to commuters who ride a bike to work. Is this true? One Less Car in NY Dear One Less Car,You are correct that there is a deduction available for individuals who drive hybrid cars. However, the current deduction of $2000 is set to be reduced by 25 percent per year until it is completely phased out. Even in its current state, the deduction is available only as a one-time deduction and is limited to three approved cars on the