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Federal tax regulations allow employers to offer pre-tax salary deductions
for transit fare costs to employees who use transit to get to work.
In addition, the State of Maryland offers tax credits to employers
who provide a transit benefit.
There
a several ways you can offer this benefit to your employees:
- Allow your
employees to purchase monthly passes using pre-tax dollars. Your
employees save on Federal and State taxes.
- Purchase
a monthly pass for your employees. They commute free and save
on taxes. You take advantage of tax savings and the Maryland
tax
credit which allows you to provide a vital employee benefit for
only $50.00 per year.
- Allow your
employees to use pre-tax salary deductions plus purchase a portion
of the monthly pass. The combination may allow you to provide
this valuable employee benefit at no out-of-pocket expense to
you!
Fill out the following form to receive more information about
employer/employee benefits.
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