Higher Tax Free Employee Benefits
From a reader:
Subject: Mass Transit Provision of the Stimulus Package Provides $1K
I have been following your posts lately and thought you'd be interested to know there is a provision in the bill for commuters to save up to an additional $1,000 per year on transportation costs. A raise in the cap on pre-tax commuter benefits should increase mass transit ridership and help hard working Americans keep a good chunk of money in their wallet, according to TransitCenter (the non-profit that has been advocating this change for nearly seven years).
The CEO of TransitCenter, Larry Filler, decided to setup a blogger resource room to explain the change in the IRS Code to help individuals get access to the information they need to take advantage of this opportunity. Feel free to use any of the material on the blogger resource room to inform your readers and get them the $1K per year.
Also, Larry's happy to provide a personal quote that would be exclusive for your blog. Feel free to contact me if you have any questions.
Jonathan Blank, representing TransitCenter
I have always been a huge fan of pre-tax employee benefits as a great way for both employees and employers to save on their taxes.
I appreciate your alerting me to this recent increase for mass transit users and I will make sure to post the link to your site on my blog.
Thanks for writing.