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
Tag: Transit Account
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