Meeting Minutes Jan 17, 2013

METRO-NORTH RAILROAD COMMUTER COUNCIL MINUTES OF JANUARY 17, 2013   A meeting of the Metro-North Railroad Commuter Council (MNRCC) was…

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.