Another cool calculator to calculate total costs of driving to work:

http://www.carfreediet.com/go_calc.cfm 

This just in from the American Public Transportation Association:

Exhibit 1:

• Automobiles and light trucks are the largest sources of greenhouse gas emissions from mobile sources and together represent more than about 60% of total mobile source greenhouse gas emissions.

Exhibit 2:

• Switching your commute to public transportation reduces a family’s carbon footprint more than replacing five incandescent bulbs to lower wattage compact fluorescent lamps (445 pounds of CO2 per year), or replacing an older refrigerator freezer (335 pounds of CO2 per year.

Case closed.

Read the entire Fact Sheet here: Public Transportation’s Contribution to U.S. Greenhouse Gas Reduction

 From the Association for Commuter Transportation (ACT):

IRS Releases a Number of Changes to the Transit Benefit

In October, IRS announced that for taxable years beginning in 2008, the monthly limitation for the transit benefit is $115, an increase of $5. Additionally the monthly limitation for qualified parking is $220, also an increase of $5.

Want to know more about the Commuter Tax Benefit?  Click here: Commuter Tax Benefits Summary Table