Employers give their employees up to $115/month* to commute via vanpool; gets a tax deduction and saves over providing same value in gross income or Employers allow employees to use pre-tax income to pay for vanpooling and employers save on payroll tax (at least 7.65% savings) or A combination of both up to statutory limits
Employee Tax Benefit
Employee receives up to $115/month* tax free (not on their W-2 form) or Employee pays for commute benefit with the pre-tax income and saves on income tax or A combination of both
* tax free transit and vanpool benefit limit remained $115 per month beginning January 1, 2008
** tax free parking benefit limit increased to $220 per month beginning January 1, 2008
Vanpool or Transit Pass can be provided in addition to Qualified Parking for a total benefit of up to $335/month.
Axis Coach, LLC - The Center Point of your Transportation Needs. Toll Free 877-770-8846 Providing Prom Limo and Boston Logan International Airport Transportation, Manchester Regional Airport Transportation, Portsmouth International Airport Transportation, Hanscom Airport Transportation, Worcester Airport Transportation, T.F. Green Airport Transportation, Bradley Airport Transportation, J.F.K. International Airport Transportation and LaGuardia Airport Transportation.as well as Wedding Limousine Service, Prom Limousine Service, Concert Limousine Service, Graduation Limousine Service, Casino Transportation, Sporting Event Transportation and any other Transportation to an event or occasion you may have