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Tax-free commuter benefits, also known as qualified transportation fringes, are employer provided voluntary benefit programs that allow employees to reduce their monthly commuting expenses for transit, vanpooling, bicycling, and work-related parking costs. The benefit is a federal tax benefit authorized under the Internal Revenue Code Section ...
With a TransitChek commuter benefits program participating employees can use pretax dollars to pay for their commute—helping them save on taxes and leaving them with more money in their pocket ...
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.
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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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WageWorks to Present at the 12 th Annual JMP Securities Research Conference SAN MATEO, Calif.--(BUSINESS WIRE)-- WageWorks, Inc. (NYS: WAGE) , a leading provider of Consumer-Directed Benefits ...
v. t. e. In the United States, a flexible spending account ( FSA ), also known as a flexible spending arrangement, is one of a number of tax-advantaged financial accounts, resulting in payroll tax savings. [1] One significant disadvantage to using an FSA is that funds not used by the end of the plan year are forfeited to the employer, known as ...