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October 12, 2013

Bike Share Programs Do Not Qualify Under IRC Sec. 132

In Information Letter 2013-0032, released on Sept. 27, the IRS announced that employers cannot exclude expenses for bike share programs from an employee's gross income. The letter clarifies that bike share programs are not qualified transportation fringe benefits under IRC Sec.132 because they do not meet the criteria for either transit passes or bicycle commuting reimbursements.