Save money on your way to work!
Commuter Tax Benefit is Connecticut's program to promote the federal tax law that allows employees to set aside pre-tax income to pay for commuting costs. As of January 2013, employees may set aside up to $245 a month ($2940 per year) of their salaries before taxes to pay for transit, vanpool fares or qualified parking.
If you spend at least $200 or more per month on your train, bus, ferry or vanpool fare, you may save up to $2940 annually on federal and state income taxes alone. Your employer saves, too – by eliminating the payroll taxes they would have paid on the amount you set aside. If you pay for parking, your savings will be even greater.
For more information, contact your Human Resources department and ask about Connecticut's Commuter Tax Benefit program. Find out if it has been implemented. Complete list of participating employers in CT. If you don't already have Commuter Tax Benefit at your workplace, we will contact your employer to see if it can be implemented. Simply complete this short form so that we can locate the appropriate person at your company.