What are park and ride tax benefits?
Commuter Tax$ave allows employees to receive a tax benefit if they park and ride mass transit to work. A park and ride benefit covers the cost of parking at a facility from which an employee commutes to work by transit. For example, if an employee drives to a railroad station and pays to park at the station parking lot or at a privately owned parking lot adjacent to the railroad station, the monthly cost of parking is covered with Commuter Tax$ave. In this case, an employee can arrange to have up to $230/month of his or her salary set aside before taxes to pay for this expense.
