5 Pros/Cons of Offering Commuter Benefits When You’re Not Required To
I get it — you don’t actually need to offer a commuter benefits plan for employees. You just want some ideas to boost employee engagement or differentiate your employer brand.
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I get it — you don’t actually need to offer a commuter benefits plan for employees. You just want some ideas to boost employee engagement or differentiate your employer brand.
A primer on commuter benefits
It’s no secret that mass transit ridership has plummeted across the country since COVID-19 first arrived in the United States. Even though commuters were not taking mass...
The IRS released the 2021 pre-tax limits for mass transit and qualified parking. The limits are effective on January 1, 2021.
For 2021, the monthly limit for commuter benefits will be $270. That’s the same amount as 2020.
Pre-tax commuter benefits can be used to pay for:
If you own a business in New Jersey, you need to start offering a commuter benefits program if you employ a certain amount of employees.
Businesses that are not in compliance with the New Jersey commuter benefits law that went into effect on March 1 2020 can be fined.
Here’s a primer on New Jersey’s Commuter Benefit Ordinance with the insight you need to comply. We also have a toolkit for businesses available here.
On November 14, businesses in Washington, DC, who are not in compliance with the area’s commuter benefits law, will be subject to fines.
Companies can play an important role in helping their employees with the commute. The extra investment can pay off by having happy and engaged employees while increasing productivity.
Municipal government action on commuter benefits ordinances is increasing. But what states require commuter benefits you ask? Just one: New Jersey.
If you are wondering about which expenses are covered under commuter benefits, we’ve got some answers.
If you work in New Jersey, your commute may be getting less expensive in the next year or so.