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 $245 per month through the balance of 2013, 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 $245 per month through the balance 2013, 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.

I’m pleased to tell you how happy I am to be a part of the new generation of vRiders. I was really skeptical at first. I just didn’t’ want to give up having my own car. I then adopted a whole new way of thinking. I now get in the van and sleep, listen to music or read. I find it not only saves money, but wear and tear on my car and ME.
Debbie Marks, Pfizer.