Employer Transportation Benefits In The United States
An employer may provide transportation benefits to their employees that are tax free up to a certain limit. Under the US Internal Revenue Code section 132(a), the qualified transportation benefits is one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income. The two types of qualified transportation benefits are (1) transit passes and van pooling (up to $125/mo) and (2) parking (up to $240/mo). Bike commuters can also be reimbursed for certain expenses (up to $20/mo).
While a commuter benefits program offers a convenient way for employees to lower their commuting costs by utilizing pretax dollars to pay for commuting costs, the program offers other benefits as well. The program offers an employer the ability to enhance their benefits package with an incentive that can be used to attract and retain qualified employees particularly in areas with transit access.
Read more about Employer Transportation Benefits In The United States: Overview, History, Employer Provided Transit Passes and Van Pooling, Parking Provided By Employer, Bicycle Commuter Expenses, Treasury Regulations, Terminology, Further Reading
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