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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 ...
WageWorks and Zipcar Team Up to Lower Transportation Expenses for Commuters New Program Offers Commuters Increased Convenience and Savings SAN MATEO, Calif. & CAMBRIDGE, Mass.--(BUSINESS WIRE ...
Taxation in the United States. Internal Revenue Code Section 132 (a) provides eight types of fringe benefits that are excluded from gross income. These include fringe benefits which qualify as a (1) no-additional-cost service, (2) qualified employee discount, (3) working condition fringe, (4) de minimis fringe, (5) qualified transportation ...
33,000 (September 2023) [1] : 3. Citi Bike is a privately owned public bicycle sharing system serving the New York City boroughs of the Bronx, Brooklyn, Manhattan, and Queens, as well as Jersey City and Hoboken, New Jersey. Named after lead sponsor Citigroup, it was operated by Motivate (formerly Alta Bicycle Share), with former Metropolitan ...
WageWorks administers and operates a broad array of CDBs, including pre-tax spending accounts, such as health and dependent care Flexible Spending Accounts (FSAs), as well as Commuter Benefit ...
In 2021, an estimated 2.4 percent of U.S. workers walked to work, while less than 1 percent commuted by bike. (U.S. Census) More than 46 percent of workers reported commuting primarily on the bus ...
WageWorks has entered into a "strategic alliance" with corporate resources provider Ceridian. Under the new agreement, WageWorks will assume responsibility for a number of Ceridian-provided ...
HealthEquity Inc on Tuesday confirmed its offer to acquire WageWorks Inc in a deal valuing the administrator of employee benefits at about $2.01 billion. The offer of $50.50 per share represents a ...