Tax Benefits Chart

Alternative Mode of Transportation

 

Transit

 

Vanpool

 

Qualified Parking

 

Incentive

 

Up to $105/month, $1,260/year for transit expenses

 

Up to $105/month, $1,260/year for vanpool expenses

 

Up to $200*/month, for parking at or near an employer's worksite, or at a facility from which employee commutes via transit, vanpool, or carpool

 

Employer Tax Benefit

 

Employers give their employees up to $105/month to commute via transit; gets a tax deduction and saves over providing same value in gross income

 

or

 

Employers allow employees to use pre-tax income to pay for transit and employers save on payroll tax (at least 7.65% savings)

 

or

 

A combination of both up to statutory limits

 

Employers give their employees up to $105/month to commute via vanpool; gets a tax deduction and saves over providing same value in gross income

 

or

 

Employers allow employees to use pre-tax income to pay for vanpooling and employers save on payroll tax (at least 7.65% savings)

 

or

 

A combination of both up to statutory limits

 

Employers give their employees up to $200*/month for qualified parking; gets a tax deduction and saves over providing same value in gross income

 

or

 

Employers allow employees to use pre-tax income to pay for qualified parking and employers save on payroll tax (at least 7.65% savings)

 

or

 

A combination of both up to statutory limits

 

Employee Tax Benefit

 

Employee receives up to $105/month tax free (not on their W-2 form)

 

or

 

Employee pays for commute benefit with the pre-tax income and saves on income tax

 

or

 

A combination of both

 

Employee receives up to $105/month tax free (not on their W-2 form)

 

or

 

Employee pays for commute benefit with the pre-tax income and saves on income tax

 

or

 

A combination of both

 

Employee receives up to $200*/month tax free (not on their W-2 form) for qualified parking

 

or

 

Employee pays for commute benefit with the pre-tax income and saves on income tax

 

or

 

A combination of both