TransitChek® is the benefit program that benefits everyone. When employees use their pre-tax dollars to pay for their commute, they reduce their taxable income. That leaves less taxable payroll, which saves your company money.
Clearly, the more employees you have enrolled, the more your company saves. How much will your company save?
Calculation assumes all employees utilizing maximum pre-tax deductions allowed for commuter benefits, $120/month for transit and $230/month for commuter parking, and earn less than $94,200 annually and therefore subject to 7.65% FICA taxes. Actual savings may vary. Consult your tax advisor.
Your company can begin saving on payroll taxes right away. Our TransitChek Programs are Easy To Implement.
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