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THE BENEFITS OF A SECTION 132 TRANSIT ACCOUNT
Chamber News

THE BENEFITS OF A SECTION 132 TRANSIT ACCOUNT

Posted Wednesday, June 8, 2022 By Schuylkill Chamber of Commerce

Section 132(a) of the IRS code allows employees to pay for their qualified commuting costs (up to specified limits) with pre-tax dollars. The program was created to encourage commuting in a way that reduces road congestion and improves air quality so qualified expenses include transit passes, vanpooling, bicycling expenses and work-related commuter parking, but excludes the cost of fuel to drive a personal car to work.

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