Public Transit Tax Deduction Is Getting Cut
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If you take public transit on a regular basis, then you probably already enjoy a $230 tax cut per month ($2,370 per year). This tax cut is meant to help prompt people to get out of their cars, and onto public busses and trains. And with many people, it’s probably working. At the very least, it helps offset the expenses
However, according to The Daily Green, this generous tax cut will be no more after 2011. Starting in 2012, the tax cut will be almost half what it is now, roughly $130 per month.
As you might imagine, the tax cut’s reduction could make some people think twice about taking public transportation, especially when the tax cut for parking expenses will actually go up, to $240 per month.
So, what can you do about?
The best thing to do is to tell your state representatives that you don’t want the tax cut to take place. The Daily Green provided this great link you can use to send a personalized email to your own state Rep. Letting your rep know you’re against this tax reduction could inspire them to put the cut back into a new bill they pass before the end of the year.