Commuter benefits program 2012

In , Congress sought a remedy to offset the cost of commuting to and from work. Now over three decades later, the executive and legislative branches of the federal government continue to help commuters and employers. It is one of eight types of tax-free employee benefits that would otherwise be subject to federal tax.

Under a commuter benefits program, employees can pay for qualified transportation expenses with pre-tax income. Qualified expenses include:.

The business must provide commuter benefits to all of its full-time employees. The law applies to employers with 20 or more full-time employees working in New York City only. Jackie works 35 hours a week, and has worked full time at the foundation for two years.

ABC Foundation must offer Jackie commuter benefits. Can George use commuter benefits to pay for his train and subway costs? Contact Information. American Benefits Group. Benefit Resource, Inc. Commuter Benefit Solutions. Flex Facts. Offering a commuter benefits program is legally required in a growing number of locations. We have the resources you need to be compliant and deliver a great benefit to your employees.

And coming soon to Los Angeles. Commuter Benefits Calculator Try the calculator and see how much your company could save on payroll taxes. Number of employees using transit.

Number of employees using parking. You have entered an invalid value. Calculate the Savings. Estimated monthly and yearly savings are for illustrative purposes only. Please consult your tax advisor for specific advice. How to Get Started. Book a 15 Minute Call. The Commuter Benefits Law Many cities and regions have passed mandatory commuter benefit ordinances. Seattle Effective on January 1, 20 or more total employees.

New York City 20 or more full-time employees who work at least 30 hours per week. New Jersey Effective, but enforcement is anticipated to be March 1, 20 or more total employees. San Francisco Bay Area 50 or more full-time employees who work at least 20 hours per week. Los Angeles Coming soon. Washington, D. Transit Benefits Ordinance Toolkits We have the tools you need to comply with the law in your region. Why Offer Commuter Benefits?

Attract, retain and engage employees. Did You Know?