Commuter benefit solutions help your employees get where they need to go quickly and easily.
A commuter account allows your employees to pay for qualified workplace mass transit and parking expenses using untaxed money. This is a great way to make your employees’ commutes more affordable. In flexible and hybrid work models, such benefits can also increase time spent in the office.
Tax Savings
The money employees allocate for commuter benefits is not subject to income tax. This effectively lowers their taxable income, leading to substantial savings over time.
Key Benefits
- Single debit card: Employees can use a single card for all their commuting expenses.
- Employee control: Employees can enroll and manage their account online or within the app.
- Funds and schedules: Employees can manage funds on the card and deposit schedules.
- Tax savings: Employees use pre-tax dollars to pay for the commute.
- Real-time confirmation: Get real-time verification of new transit merchants.
- Extended deadlines: Enjoy extended deadlines for electing contributions.
- Flexible employer funding: Employers have flexibility on both the timing and the method for funding the benefits.
- Compliance with local regulations: Employers stay in compliance with state and municipalities' requirements.
Implementing commuter benefits is a win-win for both employers and employees. It not only makes commuting more affordable and convenient for employees but also promotes a more engaged and productive workforce. By offering these benefits, employers can enhance job satisfaction and retention, ultimately contributing to a more positive and efficient workplace.
Let Via Benefits help you implement commuter benefits today.
