Employers and employees can save on taxes through a Commuter Expense Reimbursement Account. CERA, allowed by section 132 of the Internal Revenue Code, allows employees to use before-tax dollars to pay parking and commuter costs.
CERA saves money for employees and employers by reducing taxable income.
Your employer will need to contract with BCA to offer this benefit. Once enrolled, pay for eligible expenses as you typically do, but get a receipt. Inc. All Rights Reserved.