Saturday, October 27, 2012

Tax Pro Plus: Small Business Tax Tips - Commuter Benefit Program


Reward your employees with this unique tax-free benefit


Looking for a new benefit to give your employees? Consider offering a commuter benefit program. This program not only makes your business look more appealing, but it is environmentally friendly and a  tax-free benefit for your employees. Here’s how it works.

Your company can provide:
• $125 per employee per month for public transportation (car pool, bus, ferry, rail, etc.).
• $240 per employee per month for qualified parking.
• $365 per employee per month for both public transportation and qualified parking.

Alternatively, you can provide your employees $20 each month for regularly commuting to work via bicycle, as long as they don’t receive any other qualified transportation benefits.

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