Fiscal Cliff Deal Restores Commuter Tax Benefit

There's good news for train, subway and van pool riders hidden in the 157-page fiscal cliff deal – an extension of pre-tax benefits for transit commuters on par with parking benefits. That means $550 and up a year in tax savings per commuter, retroactive to 2012. An estimated 2.7 million families (mine included) will gain from this break.

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