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| If
you drive, park and then ride mass transit to
work, here's an example of how much you could
save with Commuter Tax$ave: |
Employees
who drive, park, and ride mass transit or vanpool
using pretax $460/month salary deduction* |
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*Based on an annual salary of $45,000. Taxes exempted include: Federal Income, Social Security and Medicare. Up to $1,610 annual savings based on the $230 monthly allowable deductible for transit and $230 monthly allowable for parking. Greater savings may result if you are in a higher Federal income tax bracket. Lower deductible may result in smaller savings and individual savings may vary. Consult your tax advisor.
PLEASE NOTE: The pretax transit benefit of $230 per month is scheduled to be reduced to $125 and the pretax parking benefit of $230 per month is scheduled to be increased to $240, effective January 1, 2012. These changes will affect individual savings. |
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| If
you drive or carpool and park where you work,
here’s an example of how much you could
save. |
Employees
who drive or carpool to work and park
using pretax $230/month* |
 |
*Based on an annual salary of $45,000. Taxes exempted include: Federal Income, Social Security and Medicare. Up to $846 annual savings based on $230 monthly allowable deductible for parking. Greater savings may result if you are in a higher Federal income tax bracket. Lower deductible may result in smaller savings and individual savings may vary. Consult your tax advisor
PLEASE NOTE: The pretax transit benefit of $230 per month is scheduled to be reduced to $125 and the pretax parking benefit of $230 per month is scheduled to be increased to $240, effective January 1, 2012. These changes will affect individual savings.. |
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