Parking and transit costs need not be overlooked when offering employees an attractive benefits plan. By taking advantage of pre-tax money saved, commuter benefits let workers pay for commuting and parking costs. In several industries, the high cost of commute can discourage skilled talent from applying for a particular job. It would be a considerable loss to let go of qualified employees. Let Comparative Solutions manage your employee’s commuter benefits so that transportation does not become an obstacle to workplace productivity.

There is a limit on the amount of money that each employee can contribute to their commuter benefits from their tax-free income. In 2020, the federal U.S government limit for this benefit is $270 for mass transit and another $270 for parking. IRS imposes the maximum limit on employee spending for benefits. Comparative Solutions is responsible for making sure your employees are aware of the details of commuter benefits (for example, parking claims should be made within 180 days).