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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 ...
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]
Passes and non-cash loads (such as employee transit benefits) are stored on the card in a separate "purse" from cash loads. Purse benefits can only be used on the issuing system for that benefit, so a day pass issued by MTA on either a CharmCard or SmarTrip will only be valid on MTA, and a WMATA-issued monthly pass will not be valid on MTA even ...
New MTA Perks For Outer Borough Train Riders Anger LI, HV Congressmen - Oyster Bay, NY - But Long Islanders and Hudson Valley residents already got discounts on monthly train commuter tickets, the ...
A parking and transit account allows employees to pay parking or public transit expenses with pre-tax dollars up to certain limits. Though not as common as the FSAs listed above, some employers have offered adoption assistance through an FSA. Also, one cannot have a health care FSA if he or she has a High Deductible Health Plan (HDHP) with a ...
The "BART Perks" program will award riders who opt in points for each mile they travel on BART. But they can earn up to six times as many points by starting their trip during bonus hours, either ...
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 ...
The Los Angeles County Metropolitan Transportation Authority operates the third-largest public transportation system in the United States by ridership with a 1,433 mi 2 (3,711 km 2) operating area and 2,000 peak hour buses on the street any given business day. Metro also operates 109 miles (175 km) of urban rail service. [1]