Commuter Tax Benefits, Incentives & Grant Assistance

Commuter Tax Benefits

vRide is a leading partner with public agencies around the country to provide the safest and most-efficient form of public transportation -- Vanpooling. Commuter tax benefits are available for employees who vanpool. Under Section 132(F) of federal tax code, an employer can offer its commuting employees up to $125 per month for “qualified transit” costs. Commuter vanpooling is recognized by the IRS as a form of “qualified transit” along with bus, rail and ferry services. Employers can offer their employees the option of paying up to $125 of their “qualified transit” expense 1) as a pre-tax deduction or 2) as a tax-free benefit designed to encourage their employees to commute via transit or vRide vanpools. Most employees of the federal government are eligible for an employer-provided, commute-to-work benefit when they vanpool. Check with your HR representative, or give us a call to learn more about commuter benefits.

In addition, federal transit assistance grants help states and local governments and transit agencies cover their most of their capital expenses and some of their operating costs. In many areas of the country, vRide partners with these public agencies to contractually provide the safest and most-efficient form of public transportation… vRide vanpools! If you’d like to learn more about vRide and these grant programs, give us a call.

Our vanpool has been in existence since January, 2006. We have a seven passenger van that travels between Farmington Hills, Michigan and downtown Detroit, a distance of about 23 miles. Forming our group was relatively easy since we all met while riding the bus from our suburban starting point to virtually the same area downtown. We are fortunate that all in our group work within two city blocks of each other, so pick-up and delivery couldn’t be easier. All who joined our group were looking for the same things in commuting: convenience, comfort, controlling expenses, and helping the environment by eliminating so many cars from streets and freeways. As it happened, one of our younger riders, Vicki, was suddenly going to be displaced from the apartment in which she and her husband lived. They would now be in the market for their first home. All in our group agreed that we wanted Vicki to stay with us and we took on the project of finding a residence close enough to our van route so we wouldn’t lose her as a vanpooler and friend. Some of us, including me, went scouting on weekends and in the evenings by bicycle, motorcycle, by car, and on foot. We scoured close-by neighborhoods, looking for likely house candidates. We compiled quite a selection, but as it turned out, Vicki found a place on her own that was within a very short drive from our starting-point. I like to believe that she was thinking along the same lines as we were; that her first priority was to remain within our cohesive group, and all other location considerations were secondary. I am pleased to announce that Vicki and her husband, Matt, took possession of their new home in July and our vanpool group will remain intact. It’s sometimes hard to make new friends, so we should do all we can to keep the old ones.
Martin Rose