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Across the country, thousands of employers use the Commuter Check program. Their
employees get Commuter Check and ParkChek vouchers to redeem for passes and tickets
for bus, train, ferry, vanpools, or parking operators. It's a great employee benefit,
and every month, more employers are enrolling.
Federal law allows Commuter Check transit fare discounts up to $1,320 a year
and ParkChek parking discounts up to $2,580 a year as a pre-tax
payroll deduction or tax-free employee benefit. It’s also a fully deductible business
expense to employers. It's a real tax-saver for both employer and employee. The
benefits apply to all types of employers in the private, public and nonprofit sectors.
Commuter Check offers real savings for both you and your employees
If you offer Commuter Check as a pre-tax payroll deduction you
save on taxes, up to $100 per participant annually, while saving your employees
up to $500. For parking participants, those numbers double! If you offer it as a
benefit, you can write the expense off as a business expense, and employees pay
no taxes on it.
Commuter Check is easy to set up
It is a benefit unlike most with no tax forms to fill out or reports to submit,
and your employees appreciate it every month. It’s simple and over 8,000 employers
across the country have signed up. Commuter Check is available in your region -
see the list of participating areas. We also have all
the tax information that you need to understand the benefit,
and a range of implementation support tools you
can use. If you are a larger employer and want someone else to administer your program,
there is a new service called Commuter Check Premium that can deliver employees'
vouchers directly to their home or office.
Click here for more information.
Commuter Check works like other pre-tax plans such as dependant care and medical
reimbursement, except it’s much simpler. There are also many other
creative ways to offer the Commuter Check program. If you have questions
on how Commuter Check works, see the Frequently Asked Questions
for Employers section or contact us.
When you receive your first Commuter Check order, also included will be guidelines
for your employees on using Commuter Checks.
Putting the tax savings aside, Commuter Check also has other benefits
It improves employee morale and reduces absenteeism and turnover. It makes benefits
plans 'green' and contemporary, supports recruiting and retention goals, and solves
parking problems. These benefits may exceed the cash savings.
For any employer whose employees pay for commuting, Commuter Check is the way to
go. Dollar for dollar, it gives more value to employees and costs employers less
than salary. It's a popular, visible and tangible benefit with real returns in tax
savings as well as employee morale and satisfaction. At any benefit level, employees
appreciate Commuter Check far more than the same amount of taxable salary.
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