HR 409
Official Title: To amend the Internal Revenue Code of 1986 to allow employers to deduct certain transportation fringe benefits.
Introduced: 01/15/2025
Passed House:
Passed Senate:
To President:
Became Law:
Summary:
Supporting Transit Commutes Act
This bill provides employers a tax deduction for certain transportation fringe benefits given to employees.
Under the bill, employers may deduct costs for providing employees transportation in a commuter highway vehicle (e.g., van pool) between the employee’s home and place of work or a transit pass. The amount of the deduction cannot exceed the aggregate exclusion amount for such fringe benefits ($325 per month per employee in 2025 and adjusted annually). Further, under the bill, the deduction cannot exceed 50% of such amount for transportation fringe benefits provided under a salary reduction agreement.
Action(s):
- 01/15/2025 - Referred to the House Committee on Ways and Means.
- 01/15/2025 - Introduced in House
