Employers

Many employers are acting aggressively to help their employees cope with steep transit hikes. Their solution is offering a tax-free commuter benefits program. With TransitChek®, employees can set aside pretax dollars from their salaries to pay for commuting.

Importantly, employers offering the benefit offset the cost to implement a commuter benefits program through payroll tax savings. So the benefit usually pays for itself, while saving employees a significant portion of their monthly commuting costs. In a day of diminishing wealth for Americans, TransitChek is the benefit of the moment. 

Here are the facts:

• The 2009 American Recovery and Reinvestment Act raises the monthly allowable tax-free transit deduction from $120 to $230 per month, matching the current parking cap. This will allow a majority of commuters to pay for their entire cost of their commute tax-free.

• By participating in a commuter benefits program like TransitChek, employees use pretax dollars to pay for their commutes. Now, employees can deduct up to $230 per month for transit and up to $230 per month for commuter parking. That can equate to annual savings of up to $1,900* or more.

• Your business can also save money by reducing its payroll taxes. Your company can save up to $420** a year for each employee that takes full advantage of the program. Additionally, by improving your overall benefits packages, you can enhance staff retention.

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