Let’s face it—commuting to work is no fun. But pre-tax benefits are fun, especially when they save you and your employees on the costs of getting back and forth to work.
Transit benefits can be used for public transportation, vanpool, and parking. Your employees will love having these options, and you’ll love the advantages of offering them this benefit! Take a look!
Employee Advantages:
- Save as much as 35% on employment and income taxes
- Transit vouchers and fare cards are convenient and easy to use
- Participation commitment is on a monthly, not yearly, basis
Employer Advantages:
- Save as much as 13% on employment and income taxes
- Transit benefits help you recruit and retain employees
- One stop solution for transit and parking
- Your company funds the program through tax savings
- The program is outsourced for ease of administration and substantiation
- Flexibility in delivery and benefit options
Because your employees have choices in how they get to work, we have options for the type of transit benefits they can receive.
Public Transit Benefits let your employees purchase any fare available through your local transit authority or private transportation company. Or, employers who are so inclined can order specific fare cards to meet the precise monthly pass needs of each employee.
Parking Benefits allow your driving employees great pre-tax options. Monthly parkers receive a voucher to use when paying their monthly parking bills. Employees who want to pay by the day receive a collection of vouchers they can use when the need them.
The Best of Both Worlds means your employees who park and ride to work can take advantage of both public transit and parking benefits.
Now if we could only make the lanes move faster and the busses come more often!
Contact us today to receive more information on this excellent tax-saving program.