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Commuter Costs

How much does it really cost you to commute?  Find out by clicking the link below.  It will take you away from the Cascades West Carpool Site and send you to a separate web page.  Close the pop-up window when your done viewing the cost calculator page.

 

Commuter Cost Calculator

Tax Information (Consult your tax advisor for specific advice.)
Transit Vanpool Qualified Parking Qualified bicycle commuting reimbursement
Incentive Levels Up to $230/month* for transit expenses Up to $230/month* for vanpool expenses Up to $230/month** for parking at or near an employer’s worksite, or at a facility from which employee commutes via transit, vanpool, or carpool Up to $20 per qualified bicycle commuting month. This exclusion for qualified bicycle commuting reimbursement includes any employer reimbursement during the 15-month period beginning with the first day of the calendar year for reasonable expenses incurred by the employee during the calendar year.
Employer Tax Benefit Employers give their employees up to $230/month* to commute via transit; 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 transit and employers save on payroll tax (at least 7.65% savings)or a combination of both up to statutory limits Employers give their employees up to $230/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 Employers give their employees up to $230/month** for qualified parking; 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 qualified parking and employers save on payroll tax (at least 7.65% savings) or a combination of both up to statutory limits Employers reimburse their employees up to $20/month for qualified bicycle commuting; gets a tax deduction and saves over providing same value in gross income According to the IRS, “Generally, you can exclude qualified transportation fringe benefits from an employee’s wages even if you provide them in place of pay. However, qualified bicycle commuting reimbursements do not qualify for this exclusion.”
Employee Tax Benefit Employee receives up to $230/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 Employee receives up to$230/month* tax free (not on their W-2 form)orEmployee pays for commute benefit with the pre-tax income and saves on income tax or a combination of both Employee receives up to $230/month* tax free (not on their W-2 form) for qualified parking p>Employee pays for commute benefit with the pre-tax income and saves on income tax or a combination of both Employee reimbursed up to $20/month for reasonable expenses related to commuting by bicycle
Table NCTR, for more information visit the full posting by clicking HERE.

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