Transit Tax Deduction Amendment Doesn't Make Payroll Deal

Wednesday, February 15, 2012 - 06:31 PM

New York Senator Charles Schumer has been pushing to restore the transit tax deduction as part of the payroll tax deal.

But as of late Wednesday,  Schumer's office said the amendment was not part of the deal.

In December, Congress let a tax break for transit riders expire.  The benefit gave both drivers and transit riders $230 in pre-tax dollars to spend on commuting.  As of January 1, transit riders lost $105 in deductions, and drivers gained $10

Schumer still has an amendment to get the benefit restored in the Senate Transportation bill, but the fate of that bill is uncertain.


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