Tuesday, June 30, 2009

Tax-Free Fare Benefit Information

Many companies serving the NY Metro region offer employer-sponsored tax-free transit fare programs. Federal tax law allows employees to use pre-tax dollars to pay for transit commuting costs through employer sponsored programs. Up to $230 per month is exempted from federal, state, and city income taxes, social security and Medicare taxes, and federal unemployment insurance. For more information on how these programs work, click below.

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