If an employer chooses instead to subsidize the benefit it is actually more valuable than an equivalent raise because of the tax advantages (for example, if a subsidy of 190 is offered, this equals roughly 317 in taxable income).
Bart's Board of Directors voted Thursday to waive a portion of the surcharge applied to all trips to SFO for airport employees.
For example, if you have a combined (local, state, federal) tax rate of 40 and spend 130 per month on bart fares, you will save more than 600 per year.Commuter tax benefits are regulated by the Internal Revenue Code, Section 132(f)Qualified Transportation Fringe. .In return, SFO will stop running shuttle buses to and from Millbrae.Go to 'Sign In' and 'Manage Profile' at the top of the page.The airport will allow bart to sell advertising in its SFO station and keep all revenues.Employers can save roughly.5 in payroll taxes (including fica, SUI, SDI and city taxes) on the amount employees set aside. .Oakland (kcbs) Starting in July, San Francisco International Airport workers who tank Bay Area Rapid Transit to work will save three dollars a day.Millbrae bart Station, allowing airport workers to avoid the surcharge.Qualified parking adds even more savings.
If the employer chooses to offer the benefit in addition to the employees monthly salary, giving an employee 255 in transit benefits is less expensive for an employer than increasing the employees salary by 255.
"They don't want a free ride he said.For the 2016 taxable year, the tax code allows tax-free transportation fringe benefits of up to 255 per month per employee for transit expenses and up to 255 per month for qualified parking (including parking at bart stations.) Qualified parking is defined as parking.This material may not be published, broadcast, rewritten, or redistributed.).All walgreens photo promotion code programs are run through employers, not through bart, so please contact your employer to see what options are available.Note: Bay Area employers with 50 or more employees are now required to register and offer commuter benefits to their employees in order to comply with the Bay Area Commuter Benefits Program.The airport will administer the employee discount program, and pay bart 112,000 to cover setup costs.Got Our Weather App?Whitfield McTair, an organizer for, service Employees International Union Local 1877, which represents hundreds of airport employees, urged the board to approve the change, saying it was only fair.
(Copyright 2013 by CBS San Francisco.