A typical household spends 18% of its income in driving costs-more than it spends on food.
It's true. The IRS allows you to pay for your commute, tax-free. By setting aside up to a $115 a month for your transit expenses and up to $220 a month for commuter-related parking costs, you can save hundreds of dollars a year*.
The only way you can take advantage of these tax savings is by enrolling in a commuter benefits program offered by your company. And with gas prices at their highest levels in years, now is a good time to talk with your employer about creative ways to reduce your commuting expenses.
If your place of work doesn't offer a commuter benefits program, it’s probably because your company isn't aware that such programs exist. Which means, your company also doesn't know that they can save money too.
With TransitChek Programs there’s no downside for you or your company. Find out how.
You can also notify your employer, here.
* As of January 1, 2008.