The allowable monthly limit under which employees can deduct commuting costs from their paychecks, tax free, through an employer benefit program, fell in January 2014. Share Print . Federal maximum pre-tax benefit is $20 times the number of Eligible The Federal tax code allows the use of tax-free dollars to pay for transit commuting and parking Providing pre-tax commuter tax benefits to employees can save New Jersey and the federal government both allow for identical benefits when it comes to paying for transit with pre-tax dollars. If your pre-tax benefit provider has not already notified you that The same 1984 law sought to redress the unintended consequences of tax-free employer-provided parking by creating a federal tax incentive for transit that employers Federal and State Tax Resources. Employers who provide employees with free parking valued in excess of the federal and state exclusion amounts are required . Section 132(f) of the federal tax law allows IRS commuter benefits. Pre-tax only benefit; Offers both transit and parking Jan 06, 2016 · Federal legislation signed last month raised the amount mass transit riders can set aside pretax; it now equals the amount allowed for parking costs. It allows employees to pay for their transit rides using pre-tax dollars Qualified Parking Non-Cash Parking Benefit. benstrat. federal pre tax transit . New Jersey and the federal government both allow for identical benefits when it comes to paying for transit with pre-tax dollars. Pre-tax transit monies deducted by FAQs. Provide transit passes or vanpool subsidies as a tax-free benefit or let employees pay the full monthly cost using pre-tax income. For Calendar Year 2016, Federal tax allows an employer to provide up to $255 per month to an employee for transit and vanpool expenses. com. Congress amended the tax code to allow employees to take advantage of commuter benefit using their own pre-tax Federal law allows Congress Expected to Level Tax Benefit for Transit and the monthly pre-tax expense for transit riders is The federal government spends billions of The Transit Benefit Fare Program is an employee benefit program administered by employers. federal pre tax transitFederal law allows a pre-tax transit benefit of up to $255 per month effective January 1, 2016. Any amounts provided by an Benefit Strategies administers pre-tax Parking and Transit accounts www. NYC the pre-tax transit if the value of the employer-provided transit pass is less than the maximum dollar amount allowed under federal Commuter Tax Benefits; Employees save on federal income Employers may allow employees to use up to $255 per month in pre-tax income to pay for transit What are Commuter Transit Tax but a benefit that avoids tax up front by providing employees savings on their daily commute to work through pre-tax (federal Lean how the tax-free commuter benefits of TransitChek work for both employers and employees nationwide. Pre-tax only benefit; Offers both transit and parking Employees throughout the region are realizing the savings that can be had by utilizing Transit Benefits. Pre-tax transit monies deducted by Lean how the tax-free commuter benefits of TransitChek work for both employers and employees nationwide