Our programs can help you increase your work force without increasing your facility costs. In some cases, we can work with you on zoning requirements for alternative parking proposals. The Parking Connections Those who have to drive to make a connections to public transportation may be eligible for the parking connections benefit. In recent years, residential growth and expansion has occurred away from the downtown urban areas, making it difficult to rely solely on mass transit. Commuters can enjoy tax-free incentives for driving when the automobile is a part of the commute trip and mass transit is used for the remainder of the trip.
Employers can pay for the benefit and receive an equivalent deduction from business income taxes.
Eligible parking costs may be provided as a direct benefit, a pre-tax deduction, or as a shared expense. The same tax savings, reduced payroll costs and program flexibility apply to eligible parking expenses. Many employers provide free or subsidized parking for employees, making it more economical for the employees to commute by automobile. The goal is to make it as economical for employees to use mass transit. Your employees may forego parking and cash out the value of the parking benefit.