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Often called “transit’s best kept secret”, the RTA Transit Benefit Fare Program allows employees to use pre-tax deductions from their paycheck to pay for the purchase of transit fares— which will save them hundreds of dollars a year that they would otherwise have to pay in taxes. And for every employee dollar deducted, employers also receive tax deductions as well. The RTA Transit Benefit Fare Program offers options for all of the various transit agencies in the Chicago region and beyond.
Did you know that you could save up to 40% on your commuting costs? Whether you use public transportation, vanpools or even bicycle to work, take advantage of the only benefit that saves you more every year!
By offering transit benefits, you, the employer, can save up to 10% on average in payroll tax savings. Through a company-sponsored plan, section 132 (f) allows your employees to use tax-free dollars (subject to monthly limits) to save up to 40% of their commuting costs.
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