EERA Nearly Doubles Transit User’s Benefits
According to TransitCenter, Inc., a nonprofit that promotes mass transit, the Emergency Economic Recovery Act signed into law by President Obama on February 17 provides up to $1,000 a year in tax savings for working Americans who commute by transit. The law raises the amount of pretax income from $120 per month to $230 per month, and follows a seven-year effort by TransitCenter to advance such legislation. Workers enrolled in employer-sponsored commuter benefits programs can use the extra income to pay for mass transit. "Rocked by the recession, working Americans have been anxious for immediate and practical relief," says Larry Filler, president and CEO of TransitCenter. "This law nearly doubles the savings employees can enjoy by using mass transit and sets us on a path to a future that is both economically and environmentally sustainable."