The Penn Bike Commuter Expense Reimbursement Program offers bicycle commuting expenses to qualified faculty and staff for any out-of-pocket eligible expenses up to $240 annually. Unlike a flexible spending account, reimbursement comes directly from the University and is considered taxable income by the Internal Revenue Service.
Expense categories that the University will reimburse are bike purchases; maintenance, improvements, and bike accessories; parking and commercial storage costs; and safety gear. Purchases such as membership and program fees along with clothing and apparel are not considered allowable expenses.
Funding for this program is provided by the Division of Business Services as part of the University’s Climate Action Plan.
Details, including FAQs, can be found on the Business Services website at: