MARC Commuters Could Benefit from 'Fiscal Cliff' Deal

A provision of the deal to avert the fiscal cliff restores a public transit subsidy to as much as $240 monthly.

Amidst the fine print of the deal to avert the “fiscal cliff” is a provision that could save MARC commuters a chunk of change. 

The Washington Post reports that Congress has tweaked a portion of the tax code in order to give people an incentive to take mass transit. Employers can now cover up to $240 per month in commuting benefits tax-free, or offer a pre-tax payroll benefit. 

This benefit was in place as part of the stimulus bill until the end of 2011, when it was allowed to lapse and dropped back down to $125 monthly. The “fiscal cliff” deal restores the benefit to that higher level.

The Post suggests that this change could encourage higher usage of public transit, because a tax-free benefit to those who drove and parked had remained at $240. Now, the two benefits are equal. 

A $240 reimbursement could be especially helpful to those MARC riders who purchased the TransitLink pass, which includes unlimited monthly MARC and Metro rides for $233.

Of course, it is still up to companies to offer the benefit to their workers, so check to see what your employer offers. 

McGibblets January 02, 2013 at 09:01 PM
I'm sure they'll benefit greatly from the extra 2% they are getting docked from their pay as well....
Chris W January 03, 2013 at 12:21 PM
This "deal" will inccrease the deficit by 4 trillion. Why? Because the bill contained a ton of new spending like this. Think about this: the "draconian cuts" that would have occurred if congress did nothing was about 1.2 Trillion. So they postponed the 1.2 Trillion cut, and added 4 Trillion to the deficit. These guys live in a different reality. The dependency culture of this country will be our downfall.
Edward Charles January 03, 2013 at 12:30 PM
Farewell 112th Congress. Miss you we shall not!
radarradar January 03, 2013 at 01:14 PM
Oh, this is only the beginning of it. The sucking sound you hear is the money leaving our paychecks, bit by bit...


More »
Got a question? Something on your mind? Talk to your community, directly.
Note Article
Just a short thought to get the word out quickly about anything in your neighborhood.
Share something with your neighbors.What's on your mind?What's on your mind?Make an announcement, speak your mind, or sell somethingPost something
See more »