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
A New App to Help on Your Commute
by firstname.lastname@example.org (the Commuter Benefit Solutions Team) on December 12, 2019 at 7:00 pm
A relatively new app from Google aims to make commuting better for all riders in multiple United States cities.
7 Ways to Keep Employees Engaged During the Holidays
by email@example.com (the Commuter Benefit Solutions Team) on December 10, 2019 at 4:00 pm
It’s the holiday season, and it’s time to reward your excellent staff of engaged employees.
Congestion Pricing: 3 Lessons We Can Learn from Europe
by firstname.lastname@example.org (the Commuter Benefit Solutions Team) on December 5, 2019 at 9:06 pm
As congestion pricing continues to gain steam in the United States, leaders can look to successful (and not successful) congestion pricing rollout in Europe to see what will resonate with the public.
Simple Ways to Improve Open Enrollment Communication
by email@example.com (the Commuter Benefit Solutions Team) on November 20, 2019 at 7:03 pm
Are companies getting more targeted and personalized in their approach to benefits during open enrollment? A new survey sheds some positive light on how employees feel about the open enrollment communication from their employers.