What are the tax benefits of using public transportation to commute?
This answer was provided by Mark Misselbeck, Levine Katz Nannis & Solomon PC, Needham.
Q: I use public transportation to get to work in Boston that costs over $2,000 annually. What are the potential tax benefits? --Dan, Billerica
A: Unless your employer is paying for public transportation as an employee benefit or you are disabled, there is no tax benefit for transportation to or from your regular place of work.
This answer was provided by Mark Misselbeck, Levine Katz Nannis & Solomon PC, Needham.
Q: I use public transportation to get to work in Boston that costs over $2,000 annually. What are the potential tax benefits? --Dan, Billerica
A: Unless your employer is paying for public transportation as an employee benefit or you are disabled, there is no tax benefit for transportation to or from your regular place of work.
More:
-
Sign up for:
- Globe Headlines e-mail |
- Breaking News Alerts