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Under the U.S. Internal Revenue Code section 132 (a), the qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income in calculating federal income tax. The qualified transportation benefits are transit passes, vanpooling, bicycling, and parking ...
The New York City Transit Authority (also known as NYCTA, the TA, [2] or simply Transit, [3] and branded as MTA New York City Transit) is a public-benefit corporation in the U.S. state of New York that operates public transportation in New York City. Part of the Metropolitan Transportation Authority, the busiest and largest transit system in ...
When the New York City Transit Authority was created in July 1953, the fare was raised to 15 cents (equivalent to $1.71 in 2023) and a token was issued. [102] In 1970 the fare was raised to 30 cents. [103] This token is 23mm in diameter with a Y cut out, and is known as the "Large Y Cutout".
The MTA also says its own contactless transit card will be available starting in 2021. How Much Does It Cost? Rides bought through OMNY will cost $2.75 apiece, just like with the MetroCard.
Base fares on subways, buses and trains will increase 15 cents from $2.70, seven-day unlimited passes will increase $1 to $34, 30-day unlimited passes will increase $5 to $132, according to the MTA.
Tap-To-Ride MTA Passengers Will Get Unlimited Passes - New York City, NY - MTA leaders approved a pilot that gives OMNY tap-to-pay users the equivalent of a $33 weekly unlimited pass if they take ...
MTA employees also suffered due to the budget issues. By mid-July 2010, MTA layoffs had reached over 1,000, and many of those affected were low-level employees who made less than $55,000 annually. [143] As of 2015, the MTA was running a $15 billion deficit in its $32 billion 2015–2019 Capital Plan. [144]
According to a study published in August, between 2020 and 2023 approximately 89% of New York City's transit workers reported some form of harassment or assault while on the job.