Employee Tax Benefits
Most employees may receive up to $265/month for purchase of transit vouchers, commuter highway vehicle fares and/or parking fees from his or her employer. This subsidy value will not appear on their W-2 form as income. Qualified Bicycle Commuting Benefit remains ineligible as a tax free benefit.
Employee pays for commute benefit with the pre-tax income up to the $265/month statutory limit and receives more after-tax spendable income.
Employee may combine the pre-tax benefit with employer subsidies up to $265/month for each to pay for transit vouchers, commuter highway vehicle fares and/or parking fees.
Source: Qualified Transportation Fringe Benefit Summary Table
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