Mass-transit tax break to shrink while fares rise

(AP Photo/Kevin Wolf, File) (Kevin Wolf - AP)

Mass-transit tax break to shrink while fares rise [Washington Post]: "Mass transit riders can save up to $1,000 a year under a federal tax break that will be reduced after Dec. 31. Unless Congress acts, their savings will be cut nearly in half. The squeeze will be especially painful because it comes on top of increased transit fares in New York, Washington and other cities."