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
Edenred Commuter Benefit Solutions Praises the Repeal of Transit and Parking Benefits Tax
by firstname.lastname@example.org (the Commuter Benefit Solutions Team) on January 9, 2020 at 9:21 pm
Edenred Commuter Benefit Solutions, which mission is to make tax-free commuter benefits an essential part of employee benefits packages nationwide, praises the repeal of a section of the 2017 Tax Cuts and Jobs Act that required tax-exempt organizations to pay a 21% Unintended Business Income Tax (UBIT) on parking and transit benefits provided to employees, which comes as part of the year-end spending and tax package signed on December 20, 2019.
5 Asian Cities Revamping Commuting
by email@example.com (the Commuter Benefit Solutions Team) on January 8, 2020 at 6:15 pm
Asian cities are transforming the way their citizens move around, and the changes could have a significant impact in the coming years. Asian cities are already offering citizens new means of transportation, like autonomous vehicles and shared car fleets. It's the next-generation of mobility, and it will change how we commute and move around. Other mobility platforms include electrification and multimodal platforms.
Is Micromobility the Future of Commuting?
by firstname.lastname@example.org (the Commuter Benefit Solutions Team) on January 6, 2020 at 6:39 pm
As transportation continues to evolve, the growth of micromobility creates many different possibilities for the future.
What’s Known About NYC’s Congestion Pricing (So Far).
by email@example.com (the Commuter Benefit Solutions Team) on January 2, 2020 at 4:30 pm
New York City’s adoption of congestion pricing measures is about a year away, but there are still many unknowns as to how, exactly, the policy will play out. Here are some of the proposals and what needs to be done so the city can implement congestion pricing.