Commuter Expense Reimbursement Services
Every day, American workers spend millions of dollars on commuter-related transportation expenses. From bus fares and subway tokens to parking, the cost of commuting has become a considerable strain on many of today's workers.
Fortunately, Internal Revenue Code section 132 allows employers to institute a commuter expense reimbursement and fulfillment plan, which allows employees to set aside pre-tax dollars into a commuter expense reimbursement account. These funds can then be used for work-related transportation expenses, such as mass transit fares and parking fees, which can significantly reduce an employee's commuter costs.
Commuter Expenses Covered
With an established commuter expense reimbursement and fulfillment plan, employees can typically be reimbursed for:
Employees can fund the account with pre-tax contributions, which are exempt from federal income taxes, Social Security taxes and, in most cases, state income taxes. This results in an average tax savings of 30 percent on eligible expenses.
Choosing the Right Commuter Expense Services Partner
From implementation and enrollment to customer service, Ceridian makes it easy to administer your commuter reimbursement plan. In fact, with our Commuter Administration Services we support the entire process, including documentation, employee education and enrollment, personalized assistance, claims administration and procurement of vouchers and fare media.
Going Above and Beyond
Ceridian is committed to providing exceptionally high-quality customer service to thousands of clients nationwide. With rapid response and careful attention to your needs, Ceridian takes the extra steps to support all of your employees. We are committed to ensuring your employees understand and utilize this valuable program to the fullest.
To learn more about Ceridian's Commuter Administration Services, Contact Us.
Fortunately, Internal Revenue Code section 132 allows employers to institute a commuter expense reimbursement and fulfillment plan, which allows employees to set aside pre-tax dollars into a commuter expense reimbursement account. These funds can then be used for work-related transportation expenses, such as mass transit fares and parking fees, which can significantly reduce an employee's commuter costs.
Commuter Expenses Covered
With an established commuter expense reimbursement and fulfillment plan, employees can typically be reimbursed for:
- Transit passes and tokens
- Vouchers
- Fare media/cards
- Qualified parking expenses
- Transportation in a qualified commuter vehicle
Employees can fund the account with pre-tax contributions, which are exempt from federal income taxes, Social Security taxes and, in most cases, state income taxes. This results in an average tax savings of 30 percent on eligible expenses.
Choosing the Right Commuter Expense Services Partner
From implementation and enrollment to customer service, Ceridian makes it easy to administer your commuter reimbursement plan. In fact, with our Commuter Administration Services we support the entire process, including documentation, employee education and enrollment, personalized assistance, claims administration and procurement of vouchers and fare media.
Going Above and Beyond
Ceridian is committed to providing exceptionally high-quality customer service to thousands of clients nationwide. With rapid response and careful attention to your needs, Ceridian takes the extra steps to support all of your employees. We are committed to ensuring your employees understand and utilize this valuable program to the fullest.
To learn more about Ceridian's Commuter Administration Services, Contact Us.
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