Employees can reduce their commuting costs by 40%!
Employers can save an average of approximately 8% on payroll taxes!
Government employees can commute for free!
Federal tax law allows employees to reduce their commuting costs by up to 40%, while helping employers save 10% or more on payroll taxes. All employees can use tax-free dollars to pay for their commuting expenses. The maximum tax-free discount that can be provided to each employee for transit is $255 per month, and $250 per month for parking.
More Information
Commuter Benefit Solutions
Commuter benefits can add to some serious tax savings. You save money on taxes every month you participate, which means more money in your pocket each month. Commuter Benefit Solutions will work with companies to determine commuting needs and customize a commuter benefit program that is a perfect fit.
Web: commuterbenefits.com
Phone: 800-531-2828
TranBen
Employees use TranBen vouchers every day throughout the country to buy fares and passes for public transportation, including train, bus, vanpool and ferry services. TranBen's parking vouchers are used by employees to pay for work-related parking expenses, and their bicycle vouchers are an excellent method of providing employees with the tax-free bicycle benefit incentive.
Web: www.tranben.com
Phone: 877-587-6230
TranServe
The U.S. Department of Transportation has introduced an effective and cost-efficient way for government employees to receive their monthly transit benefit through the use of a federal debit card. The transit benefit program encourages federal government employees to choose commuting options that improve air quality and reduce traffic congestion as opposed to using single-occupant vehicles.
Web: transerve.dot.gov
Email: transerve@dot.gov
Army Mass Transportation Benefit Program
The Mass Transportation Benefit Program (MTBP) provides reimbursement for mass transit commuting costs in order to reduce Federal employees' contribution to traffic congestion and air pollution and to expand their commuting alternatives. MTBP is available for all Army employees - military, civilian, and NAF.