Tuesday, April 29, 2008

Get $115/Month From Your Employer For Commuting To Work

Your employer can give you $115 a month to help pay for bus, train, ferry, or vanpool commuting expenses and neither you nor the employer has to pay taxes on this money. Contact your local transit authority for more details on the program called "Tax Free Qualified Transportation Fringe Benefits", or contact: Commuter Check Services Corporation, 401 S. Van Brunt Street, Englewood, NJ 07631; 201-833-9700; 800-727-9436; Fax: 201-833-8704; http://www.accorservicesusa.com/services/CommuterCheck.aspx. Get a copy of IRS Publication 15-B, Employer's Tax Guide To Fringe Benefits and show your boss the section entitled "Qualified Transportation Fringe Benefits." The publication is available from your local IRS office or from 800-TAX-FORM or from their website at
www.irs.ustreas.gov

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