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Commuter Choice Tax BenefitsIn 1998, Congress approved legislation that allows employees of corporations to pay for parking and transit (including vanpool) with pre-tax dollars while employers enjoy lower overall payroll taxes. In December 2015, Congress updated the law to provide a benefit to riders of public transit that equaled the benefit provided to drivers of automobiles. When employees buy with pre-tax dollars, they avoid federal, state and employment
taxes, often saving up to 40 percent (up to the authorized pre-tax limits of $255
per month). Vanpool riders and employers can learn more about this valuable program at www.mytransitbenefit.com
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