Commuter benefits allow employees to reduce their commuting costs by up to 40%, while helping employers save an average of 7.65% on payroll taxes. You can provide this benefit to your employees as a substitute for taxable salary, as a supplemental benefit, or as a combination of the two, all while helping the environment.
Commuter benefits save both your company and your employees money. Based on current legislation, your company can offer commuter benefits in the form of tax-free employer-paid subsidies, pre-tax employee-paid payroll deductions, or a combination of both.
Commuter benefits are considered tax-free benefits, not employee wages, so your company can save on average 7.65% on payroll taxes.
Employees who participate in your commuter benefits program don’t have to pay income taxes on the money they set aside for their commuting costs, saving up to 40% on their commuting expenses.
Our five step guide to starting a commuter benefits program will give you the tools you need to get your program off the ground in no time.
Los Angeles, CA
New Jersey/New York
New York, NY
MTA Annual MetroCard
Pennsylvania & NJ
San Diego, CA
Compass Tap & Go
San Francisco, CA
South Florida, Palm Beach
Tri-Rail EASY Card