The TransitChek Commuter Benefit Program can save both your organization and your employees money. For 2016, the IRS will allow commuters to use up to $255 of their monthly pre tax salary for transit and up to $255 for commuter parking. By allowing employees to set aside a portion of their pre-tax salary to pay for commuting costs, your organization can save money by reducing the overall payroll taxes it owes.
The TransitChek programs make it easy for employers to help employees take advantage of these tax savings while remaining fully compliant with IRS regulations. Plus, NPCC's partnership with TransitChek extends a 15% discount off of the processing fee.
TransitChek is accepted by most providers of mass transit in the New York metro area, including LIRR, MetroNorth, NJ Transit, PATH, MTA subways and buses, suburban buses, van pools and ferry services and can be applied to qualified parking expenses. Best of all, thanks to our program, NPCC members will receive a 15% discount on the administrative costs of offering this benefit to their employees.
Because of reduced payroll taxes and the NPCC discount on TransitChek’s administrative fee, this program provides value to your employees without a huge sacrifice on your organization’s part. The NPCC discount on TransitChek’s administrative fee also applies to existing TransitChek participants.
There are two programs open to NPCC members:
The regular TransitChek program is administered by the organization itself and is open to organizations of any size. Go to www.npccny.org/info/transitchek_regular.htm to read more and download the enrollment and order forms.
The premium TransitChek program is administered by TransitChek and is only for organizations with 10 or more enrolled employees. Go to www.npccny.org/info/transitchek_premium.htm to read about this program.