2008 Commuter Benefits – Section 132(f)
What Are Commuter Benefits?
Do you take the train, ferry, subway, bus or vanpool to work? If you do, you could be saving up to 40% on your commuting expenses. IRS Section 132 allows employees to deduct up to $115 per month in 2008 from their paychecks, pre-tax, to pay for transit and vanpool expenses and $220 per month in 2008 for parking expenses.
Employees reduce their payroll taxes by using pre-tax dollars for their commuter expenses. Employers save by enjoying reduced matching payroll taxes while taking advantage of a popular benefit program that’s easy and inexpensive to administer.
Thousands of employers across the country are offering commuter benefits to their employees. You could be taking advantage of these savings, too!
Everyone Benefits for Commuter Benefits
By providing significant cost savings, commuter benefits encourage people to use transit and vanpools to get to work. This helps to relieve traffic congestion and reduce air pollution, making your city and region a better place to live.
Since 1997 Core Documents has been providing employers with everything they need to successfully establish a Section 132 Commuter Benefits Plan for only $99.00 plus $15.00 shipping and handling.
For more information click on the link in the blue side-bar entitled “Section 132 Commuter Benefits“.