Why VitaCommute for commuter benefits?
VitaCommute offers the largest nationwide transportation network in the industry. With more than 320 unique transit authority partnerships and 12,000 parking provider locations, VitaCommute offers commute options in all 50 states, plus Washington D.C. and Puerto Rico. VitaCommute also offers a full range of commuter plan administrative and support services. From initial plan implementation to direct participant support through the Vita Service Center, VitaCommute delivers the highest level of customer service to our clients and their employees. Learn more about VitaCommute’s client services.
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What are qualified commuter benefit plans?
A qualified commuter benefit plan is an employee tax-savings program governed by Section 132 of the IRS Tax Code. Employees can choose to reduce their taxable income by an amount equal to their anticipated commuting expenses (for example, parking fees, transit passes, shuttle services, bus fares) up to the statutory monthly limits. Reimbursement for the cost of commuting is provided directly to the employee.
Why offer a commuter benefit plan?
As with other IRS programs, a commuter benefit plan allows your employees to reduce taxable income on commuting expenses they’re already paying. Depending on the employee’s tax bracket, savings of up to 40% are possible for commuting expenses. Additionally, payroll tax savings for the employer can reach 10%, which is more than enough to cover the cost of administering the program.
What sets VitaCommute apart?
In addition to VitaCommute’s extensive nationwide transportation network and transit authority partnerships, VitaCommute also engages in a comprehensive approach to service and compliance, enhanced by communication and intuitive tools to streamline the employee experience. Some of the features that set VitaCommute apart:
- Personal Account Manager
- Full Plan Design Customization
- Comprehensive Benefit Delivery Options
- Nationwide Transportation Network
- 24-Hour Document Processing Turn-Around
- Signature-Ready and Audit-Proof Plan Documentation
- Full Suite of Web Resources for Employees and Employers
- On-site Customer Service Center
Learn More about VitaCommute