Jump to content

Mass-Transit Fare benefit


Guest David Generali
 Share

Recommended Posts

Guest David Generali

I am searching for any information pertaining to the mass-transit fare benefit, particularly for the state of New York.

Link to comment
Share on other sites

  • 2 weeks later...
  • 3 weeks later...
Guest Barbara M

I recently was researching this new FSA benefit for our company.

Commuter Reimbursement is a flexible spending account under Section 132 (f) of the Internal Revenue Code that allows employers to offer their employees qualified transportation and parking benefits for employees.

The amount allowable by an employee may not exceed $65. per month for transportation expenses and $175 per month for parking expenses.

Qualified Expenses:

1). Transportation via mass transit facilities, 2) transportation via a commuter highway vehicle if transportation is related travel between an employee's residence and place of employment and 3)parking expenses for any type of vehicle near the employee's place of employment or on or near a location from which the employee commutes to work via mass transit or vanpool.

Link to comment
Share on other sites

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
 Share

×
×
  • Create New...