Federal Law Alert OCTOBER 28, 2025 Benefits Bulletin: Fringe and Account-Based Benefits Plan Updates for 2026 Provisions from the budget reconciliation bill (HR 1: One Big Beautiful Bill Act), affecting benefits provisions in 2026, are described below. Bicycle Commuter Reimbursement Exclusion Tax-free reimbursements to employees for qualified commuting expenses for bicycles, previously excluded for tax years 2018 through 2025, is indefinitely excluded. As a result, employers can’t reinstate