As noted already by David Alpert and Ben Kabak, the agreement passed yesterday to avert the so-called “fiscal cliff” restores a tax benefit to transit commuters that had expired at the beginning of 2012. Transit riders will be able to pay $240 per month in pre-tax dollars, saving them and their employers money. This is up from the $125 per month that was the maximum throughout 2012, after Congress failed to renew the benefit, and the $230 per month maximum that was in place 2009-2011; it restores parity with the parking benefit, which went up from $230 to $240 at the beginning of 2012. Unfortunately, the restoration is only in place for 2013, and extending it further is the responsibility of the 113th Congress; a dismaying prospect given the record of the 112th.
The new benefit is a huge benefit for SEPTA Regional Rail riders, virtually all of whom have been forced by their benefit managers to pay the first $125 with their benefit cards and the rest out of pocket for the last year. $240 is enough to pay for any monthly pass SEPTA offers. It will also cover NJT’s Atlantic City Line out to Hammonton, or an NJT River Line + PATCO or PATCO + SEPTA City Transit daily commute, or a monthly pass on Amtrak’s Keystone Service from Downingtown to Center City. Basically, this is a huge win for responsible suburban commuters to Center City, and a good foot forward to start 2013.
And one last note: if you’re interested in signing up for this benefit, as a commuter or as an employer, DVRPC’s program has changed its name from TransitChek to RideECO.