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.

My story begins nearly 20 years ago. I was just out of college and was living in San Bruno, California and working in San Francisco. Because of the cost of commuting and the running condition of my 15+ year old car, I started to ride the Sam Trans Bus to work. A few years later, I was transferred to a new job in San Ramon and so I moved to the closest town my small salary could afford. I ended up in Fremont but soon found out that my commute was going to be a real problem. That was when a co-worker mentioned the vanpool program that was available and how nice it was just to sit and let someone else do the driving. I decided to try it and instantly found that it was really nice to be able to read a book or converse with my fellow riders and leave the driving hassle to someone else. I never looked back and so, as of this year, I have been riding/driving in a vanpool since 1987. Over the years, I increased my involvement with the vanpool program and back in 2000, I began as a full time driver for our van which runs from Vacaville to Concord. The original reasons why I joined the Vanpool program are still there. I am able to save at least $200+ in my monthly commute and I don’t have to depend on my 13 year old minivan to get me to work. This year, VPSI delivered a brand new 2007 full-size vanpool van to me and now I can say that my commute is the best it’s ever been. I make sure that I keep it clean and in good shape. I will continue to participate in the vanpool program as long as I continue to work which should be for another 15 years or so.
Philip G. Glendon