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Tax Benefit For LIRR Riders Nearly Halved

Drivers are now faring better with tax deductions than mass transit riders.

Under the 2012 tax code, it looks to be a more expensive year for Long Island Rail Road commuters.

The deduction for transit riders and drivers who park had been the same $230 per month in years past.

But now, those transit rider benefits have expired, rolling back to $125, according to the .

The deduction for parking will actually go up a bit, to $240 per month, because of a rise in the cost index.

“Obviously, we’re strongly in favor of restoring parity between transit and parking benefit levels as soon as possible,” a spokesman for the LIRRCC said.

A bill co-sponsored by Rep. , D-Nassau-Queens, the Commuter Benefits Equity Act of 2011, was introduced in both houses, but was referred to the Ways and Means Committee, and not passed in time for the New Year.

Michael Brown January 07, 2012 at 05:03 PM
Ok, seriously, why is this on Carroll Gardens Patch?

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