If your employer offers DeduCT-a-Ride, you may choose to use pre-tax income to pay for transit and vanpool fares and parking costs. As of January 2006, you can use up to $105 per month for transit and vanpool fares and/or up to $205 per month for qualified parking. To estimate your savings with DeduCT-a-Ride, just […]
Benefits for Employers
The benefits of DeduCT-a-Ride in your workplace are tremendous. Not only will you lower your employees’ taxable income and save on payroll taxes, you will also: Improve employee productivity and morale by reducing the stress of driving. Reduce employee tardiness. Improve your ability to recruit and retain quality employees. Provide a high value/low cost competitive […]
DeduCT-a-Ride for Employers
Increase your employees’ take-home pay without increasing your payroll! As of January 2006, federal law allows your employees to use up to $105 per month ($1260 per year) of their pre-tax income to pay for commuting on public transit and in eligible vanpools plus up to $205 per month ($2460 per year) for qualified parking. […]
How does DecuCT-a-Ride work?
Once your employer makes the necessary adjustments in the payroll system, you may enroll by authorizing a payroll adjustment in the amount you intend to use for transit/vanpools and/or parking per month. In return, you will receive transit fare media, vouchers (TransitChek) or, in some cases, cash reimbursement after submitting proof of transit or vanpool […]