On Traffic Jams, Telework, and Taxes: October 31st Deadline to Apply for Telework Tax Credit Deadline
Last month it became official: the Washington DC metropolitan region has the worst traffic in the country. The Texas A&M study confirmed what all of us who live here know, that trying to get anywhere during ‘rush hour’ will make you lose days of your life. In fact, the study estimates that a typical commuter will spend three days a year sitting in traffic. And traffic is so bad in the region that even our bike paths experience gridlock too!
While many businesses in the region are strong proponents of telework and pioneers in the technology that makes it possible, many employees at small and medium size businesses miss out on the opportunities because of lack of resources. But now, the Commonwealth of Virginia is seeking to expand the reach of telework by offering tax breaks of $1,200 per employee to a maximum of $50,000 to fund the purchase of equipment over the next two years. To be eligible businesses must apply to the Virginia Department of Taxation by October 31st.
As my regular readers know I am a huge proponent of teleworking. It has so many benefits for the individual, for the company, and for the environment. I hope that as many companies as possible take advantage of the program.