What are the Commuter Choice Tax Incentives?
- Qualified Transportation Fringe Benefits
- Purchased by employer and offered to employee free or subsidized
- Transit or vanpool passes or vouchers ($125 per month in calendar year 2012)
- Qualified parking spaces in conjunction with transit use ($240 per month in calendar year 2012)
- Tax free to employees
- Tax deduction to employers
Why do employers choose to provide these benefits:
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Reduce traffic congestion
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Improve air quality
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Conserve energy
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Save money for employer & employee
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Low cost compared to other benefits
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Reduce need for parking
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Increase transit ridership and revenue
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Attract and retain qualified workforce
Additional Resources:
Federal Transit Administration
Commuterchoice.com
Association for Commuter Transportation
National Transit Benefit Association
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