Employer-Based Commuter Tax Benefits
Bay Area Commuter Benefits
Bay Area employers with 50 or more employees are now required to register and offer commuter benefits to their employees in order to comply with the Bay Area Commuter Benefits Program. Some employers participate in V-Commute to meet this requirement, while others may provide additional commuter benefits on top of those available through V-Commute.
Federal Commuter Incentives
The Federal tax code also allows the use of tax-free dollars to pay for transit commuting and parking costs through employer-sponsored programs. Commuter tax benefits are regulated by the Internal Revenue Code, Section 132(f)—Qualified Transportation Fringe. The tax code allows tax-free transportation fringe benefits of up to $315 per month per employee for transit expenses and up to $315 per month for qualified parking . Talk to your employer for more information, or ask your Human Resources department to reach out to the V-Commute team.