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Basically, the IRS wants to give your employer a tax credit to give you $20/mo to commute to work on a bicycle. That’s sweet! More info here...plus some links in that article too.
 

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I haven't checked, but I can about bet that my employer would say I'm getting enough benefit being allowed to bring my bike in the building.

I may check, one of these days; after all, I am the only full-time bike commuter in the building.
 

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I wrote up this letter to a former employer requesting benefits. They said no but yours might not...

Feel free to edit this as needed to better suit your employer.
____________________________________________________

Human Resources Department,

As I'm sure you are aware, Congress recently passed H.R.
1424 "The Bail-Out Bill" on Capitol Hill. Although this legislation
deals primarily with the housing market, there were several other
unrelated provisions added to the bill. Among these was a tax incentive
for employers who promote the use of bicycles for commuting. The
specifics of this tax break are laid out in Sec. 211, "Transportation
fringe benefit to bicycle commuters" under the Transportation and
Domestic Fuel Security Provision section but the change is pretty basic.
The bill offers a $20 a month tax relief per bicycle commuting employee
to cover the cost of any employer reimbursement for reasonable expenses
incurred by the employee "for the purchase of a bicycle and bicycle
improvements, repair, and storage, if such bicycle is regularly used for
travel between the employee's residence and place of employment."

I am interested in finding a way that [Company Name] could implement a
program that would allow employees who cyclo-commute to expense less
than $20 a month in bike related expenses.

The benefits of an expense reimbursement program for cyclo-commuters
include:
• Lower fuel costs on company owned vehicles
• Less required maintenance on company owned vehicles
• Ability of [Company Name] to claim a full $20 per month per eligible employee
when actual expenses are likely to be far less
• Improved employee health which in turn increases employee productivity
• Creates a progressive and environmentally conscious image for the
company

Please let me know if you have any questions or would like additional
information about this recent tax code change.

Thank you,
HandsomeRyan
District Distribution Manager
Knoxville, TN
 
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