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Fringe Benefits

14 / 07 / 2015 by Greg Freyman, CPA in Business Tax

How Commuter Benefit Programs Lower Taxes

Commuter passes are generally an IRC Section 132(f) fringe benefit. This means that they’re treated as a pre-tax contribution and excluded from income on the W-2 Form. These commuter programs can provide a great tax saving benefit to both the employee and the employer. If your company is interested in learning how commuter benefit programs work, there are a few points to keep in mind.

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