Incentive | Up to $105/month, $1,260/year for transit expenses | Up to $105/month, $1,260/year for vanpool expenses | Up to $200*/month, for parking at or near an employer's worksite, or at a facility from which employee commutes via transit, vanpool, or carpool |
Employer Tax Benefit | Employers give their employees up to $105/month to commute via transit; gets a tax deduction and saves over providing same value in gross income or Employers allow employees to use pre-tax income to pay for transit and employers save on payroll tax (at least 7.65% savings) or A combination of both up to statutory limits | Employers give their employees up to $105/month to commute via vanpool; gets a tax deduction and saves over providing same value in gross income or Employers allow employees to use pre-tax income to pay for vanpooling and employers save on payroll tax (at least 7.65% savings) or A combination of both up to statutory limits | Employers give their employees up to $200*/month for qualified parking; gets a tax deduction and saves over providing same value in gross income or Employers allow employees to use pre-tax income to pay for qualified parking and employers save on payroll tax (at least 7.65% savings) or A combination of both up to statutory limits |
Employee Tax Benefit | Employee receives up to $105/month tax free (not on their W-2 form) or Employee pays for commute benefit with the pre-tax income and saves on income tax or A combination of both | Employee receives up to $105/month tax free (not on their W-2 form) or Employee pays for commute benefit with the pre-tax income and saves on income tax or A combination of both | Employee receives up to $200*/month tax free (not on their W-2 form) for qualified parking or Employee pays for commute benefit with the pre-tax income and saves on income tax or A combination of both |
