What Are Commuter Benefits? The Internal Revenue Code (IRC) authorizes employers to offer commuter benefits to employees on a tax-advantaged basis. Commuter benefits may either be paid by the employee using pre-tax dollars...more
Last month, New Jersey Governor Phil Murphy signed S.1567 into law, making the Garden State the first state to mandate a commuter benefit law, joining cities such as New York and San Francisco that have similar laws. In...more
Congress and the IRS have expanded the availability and procedures for maximizing the income tax and FICA tax exclusion for mass transit benefits, but immediate action is required to satisfy the IRS special relief provisions...more