NY Senate restores commuter benefit

New York's State Senate will not wait for Washington's go-ahead to restore a commuter benefit that allows workers to save more pre-tax money for their transit expenses.

According to NewsLi.com, the senate passed legislation Tuesday that "would fully restore the state’s monthly pre-tax transit benefit, which would be $240 for 2012, that was cut when the federal government did not approve an extension by the December 31, 2011 deadline. It would also create parity with the current federal and state pre-tax benefits which help offset parking costs for commuters who drive. That benefit increased to $240 on January 1st."

Read the full article here.

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