2020 IRS Contribution Limits Released: Effective January 1, 2020, the new tax limit for commuter benefits will be $270 per month.
What are Commuter Benefits?
Commuter benefits are a great benefit that save both employers and employees money. The benefit allows employees to set aside tax-free money to pay for their commuting expenses, and can be used for mass transit, rideshares and qualified paid parking. Employers get in on the savings too. By offering a commuter benefit to your employees, your company can save on payroll taxes each year.
Employee engagement is top of mind for today’s benefit administrators. No one wants an unengaged team — it’s less profitable for the company, and employee turnover can be extremely high. Offering a commuter benefit will boost employee loyalty, attract new talent and save your company money.Learn More
Commuter benefits help you pay for your commute to and from work using pretax dollars, which saves you money on your taxes each year. You can use commuter benefits for transit, rideshares and qualified paid parking.Learn More
Does Your City Mandate a Commuter Benefit?
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. The following cities or regions have an ordinance in place: Seattle • New York City • Washington, DC • Berkeley and Richmond • San Francisco Bay Area • Coming soon – Los Angeles and New Jersey.
Most Popular Blogs
IRS Announces Commuter Benefits Pre-Tax Limits for 2020
by firstname.lastname@example.org (the Commuter Benefit Solutions Team) on November 12, 2019 at 10:11 pm
The IRS released the 2020 pre-tax limits for mass transit and qualified parking. The limits are effective on January 1, 2020. […]
7 Things You Need to Know About the DC Commuter Benefits Law
by email@example.com (the Commuter Benefit Solutions Team) on November 8, 2019 at 5:22 pm
On November 14, businesses in Washington, DC, who are not in compliance with the area’s commuter benefits law, will be subject to fines. […]
7 Tax-Free Employee Benefits
by firstname.lastname@example.org (the Commuter Benefit Solutions Team) on October 30, 2019 at 8:07 pm
The federal government, and maybe your state, is taking a slice of your earnings each paycheck in taxes. Two of those benefits, Social Security and Medicare. But there are benefits that you could get from your employer without paying any taxes on them. […]
How to Avoid Upcoming Penalties Regarding DC’s Commuter Benefit Law? [Press Release]
by email@example.com (the Commuter Benefit Solutions Team) on October 16, 2019 at 7:10 pm
Recent news from the Department of Employment Services in DC stated that beginning November 14th, D.C. employers who are not in compliance with the law will be subject to fines. […]