Did you know that you could save up to 40% on your commuting costs? Whether you use public transportation, vanpools or even bicycle to work, take advantage of the only benefit that saves you more every year!
By offering transit benefits, you, the employer, can save up to 10% on average in payroll tax savings. Through a company-sponsored plan, section 132 (f) allows your employees to use tax-free dollars (subject to monthly limits) to save up to 40% of their commuting costs.
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