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Unless Congress acts, mass transit riders will be penalized in 2012

If Congress doesnt act before the end of the year, the current contribution level for mass transit will drop down to $125 per month, causing many who rely on this benefit to receive the equivalent of a tax hike on their commuting costs. Thats a bite of up to $42...

By Jody Dietel | Updated on December 06, 2011

While many of us don’t like to think about it, we spend an awful lot of time getting to and from work every day. The average American spends roughly 50 minutes each day commuting, meaning that many of us spend more hours traveling to work during the year than we do taking vacation. 

For many folks, the daily trip isn’t cheap either. That’s why pre-tax commuter benefits have become one of the top voluntary benefits offered by companies to their employees. These benefits allow workers to set aside money each month before taxes to pay for parking at work and other mass transit costs, such as fares for buses, trains, carpool vans, and ferries.

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