- Qualified bicycle commuting reimbursement suspended. Section 11047 of P.L. 115-97 suspends
the exclusion of qualified bicycle commuting reimbursements from your employee's income for any
tax year beginning after December 31, 2017, and before January 1, 2026. - The fringe benefit exclusion rules still apply and the payments may be excluded from your employee's wages as discussed earlier.
You may download a copy of Publication 15-B in the link below. Should you have any questions about the impacts to your company's RideECO commuter benefit, please contact a licensed accountant or tax attorney for guidance.
irs_publication_15b__2018_.pdf |