Home > NJ TRANSIT News > FYI >
Increased Commuter Savings |
Increased Commuter Savings
Save Money on Transit and Parking
Thanks to new federal legislation, you may be able to save more money on your NJ TRANSIT trip this year!
Effective January 1, 2016, the federal government allows you to take advantage of a pre-tax commuter benefit of $255 per month. That means you could save up to $1,000 a year on your trip to and from work! If you pay for parking during your commute, your parking fee can also be funded with pre-tax dollars up to an additional $255 per month!
To take advantage of these tax savings, your employer needs to opt-in to either the NJ TRANSIT BusinessPass program or one of the programs offered by a third-party provider such as Commuter Check (Wired Commute/Edenred), eTRAC (Benefit Resource Inc.), TotalBen LLC, TranBen Ltd., RideECO (Delaware Valley Regional Planning Commission), or TransitChek (WageWorks).
Let your employer know that if they participate in a commuter pre-tax benefit program, they can provide their employees with an added benefit at no additional cost and reduce the amount of payroll taxes they have to pay!
NJ TRANSIT's BusinessPass Program allows employers to order monthly transit passes or one-way tickets in bulk for their employees or clients. To learn more about this program and its benefits, visit www.njtransit.com/businesspass or email us at email@example.com.
For more information on the increased commuter benefits, go to www.njtransit.com/taxbenefits.