Effective January 1, 2016, a new local law in New York City will require most employers with 20 or more full-time employees to offer full-time employees the opportunity to use pre-tax earnings to purchase qualified transportation fringe benefits — other than qualified parking — in accordance with federal law. Under this law, a “full-time employee” is defined as an employee […]Continue Reading →
Posts Tagged 'transportation'
The IRS recently issued Notice 2013-80, which primarily provides the 2014 Standard Mileage Rates. Effective January 1st, 2014, the standard mileage rates are: Use of an automobile for business transportation or travel: 56 cents per mile Use of an automobile for medical care or as part of a move: 23.5 cents per mile Use of an automobile in rendering gratuitous services […]Continue Reading →
To help offset the high cost of commuting, many employers have implemented (or considered implementing) a qualified transportation plan as part of their employee benefit programs. A transportation benefit program typically includes items such as parking expenses, transit passes, vanpooling expenses, and more. If you currently have a transportation benefit program in place or are considering […]Continue Reading →