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New Benefit: Bike Commuters Get Reimbursement Incentives

10/21/2008

Employees who ride their bikes to work will soon be eligible for a $20-a-month, tax-free reimbursement from their employers for bicycle-related expenses, thanks to a measure tucked into the $700 billion bailout bill Congress passed Oct. 3. Learn more about this new benefit, which could become wildly popular in a era of perpetually high gas prices.

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