In 2020, most New Jersey employers will be required to offer a pre-tax parking and transit plan. How to get to and from work can be challenging and expensive for many workers. In order to ease the financial burden of commuting, many employers offer a pre-tax commuter benefits program for employees - also known as… Continue reading Commuter Benefits to be Offered for New Jersey Workers in 2020
Tag: Section 132
Pre-Tax Transit Account: Using UberPool, Lyft Line and Via
Earlier this year we reported that UberPool, Lyft Line and Via fares were being added to P&A's Benefits Card platform as eligible expenses under the pre-tax Transit Account. We are excited to announce the update is complete and, effective immediately, participants in the pre-tax Transit Account (Section 132 Plan) can use their P&A Benefits Card… Continue reading Pre-Tax Transit Account: Using UberPool, Lyft Line and Via
P&A’s Commuter Benefits Card Accepted at Ride Sharing Services
P&A Group’s Benefits Card vendor, Alegeus, announced that UberPool, Lyft Line & Via fare can be paid for with the P&A issued Commuter Benefits Card. This new feature provides greater convenience for commuter participants in the pre-tax Transit program! Previously, these vendors were not authorized with the Commuter Benefits Card and therefore could not be… Continue reading P&A’s Commuter Benefits Card Accepted at Ride Sharing Services
2016 Commuter Plan Q&A: Changes for Employees
Q: What are the changes to the rules for mass transit plans? A: The IRS issued 2014-32, click here. The most significant change to commuter plans is that employers may no longer provide cash reimbursements for mass transit expenses when a terminal-restricted debit card is readily available in the employer’s geographic area, beginning 1/1/2016. Parking… Continue reading 2016 Commuter Plan Q&A: Changes for Employees