Alternative Mode of Transportation

Transit

Vanpool

Qualified Parking

Incentive

Up to $110/month, $1,320/year for transit expenses

Up to $110/month, $1,320/year for vanpool expenses

Up to $215*/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 $110/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 $110/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 $215*/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 $110/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 $110/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 $215*/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