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How Commuter Benefits Work

Employers

At a time when costs are increasing, employees are looking to their employers to find solutions to ease economic pressures. Commuter benefit programs have become a core part of many companies’ strategies to help their employees cope with rising commuting costs. Choosing tax-free commuter benefits programs like TransitChek® not only saves employees money – but also drives down company payroll taxes. And, the more employees you have enrolled, the more your company saves.

Here’s how it works:

  • Under Federal law, you can now allow your employees to set aside up to $230 per month of their salary before taxes (pretax) to pay for transit and eligible vanpooling expenses and an additional $230 per month for commuter parking for a total of up to $460 a month.
  • Or you can offer this benefit as a tax-free fringe up to the same monthly limits.
  • TransitChek is IRS-approved. Any way you offer TransitChek, your company saves, your employees save, and they get the benefit of your company's support.

With TransitChek, everyone benefits. Your employees save on commuting. Your company can save thousands in payroll taxes – more than enough to offset the expense of implementing a TransitChek program. And you demonstrate corporate responsibility and commitment to helping your employees cope with today’s economic challenges.

Want to help your employees exercise their right to save? Contact TransitChek now.

 

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