Bicycle commuters could (somewhat) rejoice under the old law that provided them tax benefits — but under the recent Tax Cuts and Job Act, the air has been let out of their tires.

 

Key Takeaways:

[1:18] The tax code also has its fair share of lesser provisions — especially through the new Tax Cuts and Jobs Act that just passed.

[1:35] Bicycle commuters were able to exclude $20/month of their income for expenses — but under the new act, that has changed.

[2:54] Another transportation-related change that wasn't buried quite so deep in the act's fine print attracted a bit more attention.

[4:04] Call us at Financial Gravity when you're ready to save!

 

Mentioned in This Episode:

Financial Gravity