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Commuter (8)

Transit & parking benefits tax repeal praise

Edenred Commuter Benefit Solutions, which mission is to make tax-free commuter benefits an essential part of employee benefits packages nationwide, praises the repeal of a section of the 2017 Tax Cuts and Jobs Act that required tax-exempt organizations to pay a 21% Unintended Business Income Tax (UBIT) on parking and transit benefits provided to employees, which comes as part of the year-end spending and tax package signed on December 20, 2019.

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Does Uber Qualify For Commuter Benefits?

Update May 26, 2023:
We would like to inform you of a recent decision made by Lyft and Uber, which is beyond our control. In April 2023, Lyft announced the discontinuation of their shared rides program called Lyft Shared. Additionally, Uber’s shared rides program, UberX Shared, currently does not support tax-free commuter benefits.

It’s no secret ride-hailing is popular to get around now. More than a third of Americans have used ride-hailing services like Uber. And more than 20 percent say they use a ridesharing  service every month. Since it’s growing at a fast rate, people often ask,  “Does Uber qualify for commuter benefits?

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