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NEW YORK — Transit workers raked in lots of extra cash last year as the MTA worked to resuscitate subway service, agency payroll figures show.
An employee financed commuter benefit in which an employee designates a portion of salary before taxes (pretax income) to pay for qualified transit, vanpooling, or parking expenses (up to the IRS allowable monthly maximum).
The Maryland Transit Administration (MTA) is a state-operated mass transit administration in Maryland, and is part of the Maryland Department of Transportation. The MTA operates a comprehensive transit system throughout the Washington-Baltimore metropolitan area.
The New York City Transit Authority operates 24 rail yards for the New York City Subway system and one for the Staten Island Railway. There are 10 active A Division yards and 11 active B Division yards, two of which are shared between divisions for storage and car washing.
Some forms of pay may appear on your pay stubs and W-2, but they should be excluded from your taxable income. Here are some examples: Employer-sponsored education payments
That's the name the MTA has given the new tap-to-pay fare system that will eventually replace the MetroCard — and straphangers will give it a test starting Friday.