TRANSITWORKS

Pre-Tax Transit Passes

With SmartCommter Everyone Is a Winner

• Improves employee recruitment and retention efforts;
• Opens new job markets with greater access to the entire Greater Cincinnati area;
• Offers an additional employee benefit with substantial savings;
• Reduces parking demand at company location;
• Benefits corporations and employees with tax-free incentives;
• Provides greater opportunity for access to a transportation alternative;
• Reduces the number of vehicles on our highways; and
• Reduces pollution with fewer vehicles on the road.

Employer/Employee Transit Tax Benefits

With federal tax benefits, it really does pay to ride transit! Employers that offer SmartCommuter can take advantage of federal tax benefits as mandated by the Transportation Equity Act for the 21st Century.The Benefits:

• The transit commuter benefit allows employers to give their employees up to $110 per month to cover transit-commuting costs as a tax-free benefit. Alternatively, employers can allow employees to pay for the commuter benefit with payroll deductions;

OR

• An employer can pay for the cost of the transit pass (a TANK monthly pass is $45) for their employees. The employer's cost of providing transit benefits can be deducted as a normal business expense;

OR

• Employers can also share the cost of commuting with their employees by paying for part of the transit pass and allowing employees to pay for the remainder, using pre-tax dollars.

For more information about the SmartCommuter program, please contact Lesley Holgate at lholgate@tankbus.org or 859-814-2137.

Your Employees Will Benefit

As soon as your company joins SmartCommuter, your employees can quickly take advantage of a number of valuable benefits.