Time is Short to Extend Pre-Tax Transit Benefit Limits

Once again, public transportation commuters and their employers are threatened with the loss of an important tax benefit. Transit commuters may currently set aside up to $245 monthly from their earnings on a pre-tax basis to defray fares that they pay for travel to work, and the commuters’ employers are not subject to federal payroll taxes on the amount set aside.

Thanks to all!

The PCAC would like to thank the MTA and its employees for their efforts to restore rail, bus and subway…