The transit commuter benefit is an employer provided federal tax benefit that allows working families to save money on their daily commute, saves businesses of all sizes critical dollars that can be reinvested to create new jobs, helps reduce traffic congestion and improve air quality, saves energy and enhances our national security.
Congress did not enact legislation prior to the end of 2013 to maintain parity between the transit and parking commuter benefits. The result is on January 1, 2014, the monthly limit for the transit benefit fell from $245 per month to $130 per month per month, while the parking benefit increased to $250 per month. This means hundreds of thousands of transit riders accross the country are facing a more costly commute in 2014. Congress will be considering tax related legislation early in the year that will provide an opportunity to restore parity and increase the transit benefit.
We need your support now to urge Congress to take immediate action to pass legislation to restore parity between the parking and transit benefits!