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An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Under the U.S. Internal Revenue Code section 132(a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax.
"The TransitChek commuter benefit program and Zipcar for Business is a win-win solution which will offer employees easy access to vehicles at discounted prices during the work week, while helping ...
WageWorks is headquartered in San Mateo, California, with offices in major locations throughout the United States. For more information, please visit the website at www.wageworks.com. Investor ...
Experts say there are steep costs. CORA LEWIS. April 24, 2024 at 12:53 PM. NEW YORK (AP) — When Anna Branch, 37, had her hours at work reduced at the start of the pandemic in 2020, she suddenly ...
In May 2017, SpotHero announced a partnership with commuter employee benefits administrator WageWorks allowing users to pay pre-tax dollars for daily parking near their places of work. In 2018, SpotHero was named to Time magazine's inaugural list of 50 Genius Companies that are inventing the future.
FSA debit card. A FSA Debit Card is a type of debit card issued in the United States. It can access tax-favored spending accounts such as flexible spending accounts ( FSA) and health reimbursement accounts ( HRA ), and sometimes health savings accounts ( HSA) as well. An example of a Flexible spending account debit card with info edited out.
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In 2000, employers began to issue debit cards to participating employees to make it easier to access flexible spending account funds. [43] In September 2003, the Internal Revenue Service issued a ruling saying that certain over-the-counter medical expenses could be covered under flexible spending account plans.