Employers can help their workers save on parking and travel costs.
Beginning in 1998, employers can offer employees the option of electing cash compensation in lieu of any qualified transportation benefit, or a combination of benefits, beginning in 1998. Qualified transportation benefits include employer-provided transit passes, parking and vanpooling. Thus, no amount is includible in income or wages merely because the employee is offered the choice of cash, or merely because the employee is offered a choice among qualified transportation benefits. All rights reserved. Copyright and Legal Information .