Section 132(f) of the IRS Code allows employers to offer their employees tax-free transportation benefits for those who commute by public transit, vanpool or via bicycling. A benefit is also available for monthly paid parking. Check with your human resource or benefits department to learn if your company participates.
2016 benefit limits are as follows:
- $255 for public transit or vanpool
- $255 for parking
- $20 for bicycling*
*cannot be combined with other benefits
These benefits can be offered in the following ways:
Many employers also offer their carpooling and vanpooling employees preferential parking at the worksite. This is an easy and inexpensive way to let employees know that their efforts are valued. DART’s Rideshare has hang tags ready for distribution to your employees who participate.