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Zipcar for
CRTMA!
Charles River TMA and Zipcar have teamed up to offer special rates for member employees! Visit Zipcar.com/charlesriver to learn more!
Full details (PDF format)
Tax Changes for 2009
The American Recovery and Reinvestment Act of 2009 raised the pretax payroll deduction for transit passes from $120 to $230 per month! This establishes parity with the parking benefits, under the Internal Revenue Coce Section 132(f)
Bottom Line: Starting in February 1, 2009, you may be able to set aside pre-tax dollars to pay for your public transportation pass, up to $230. Both you and your employer save on taxes, and your take home pay will rise accordingly.
Also new for January 1, 2009 is The Transportation Fringe benefit to Bicycle Commuters, added to Section 132 (f) of part of the October bailout legislation. This stand alone benefit is capped at $20 per month and may not be combined with parking or transportation
Contact your company's benefits provider or HR department to see if you may take the benefit of these new provision of Federal Tax law.
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