Currently, the monthly exclusion for qualified parking is $315 and the monthly exclusion for commuter highway vehicle transportation and transit passes is $315. If employers pay for this benefit, it’s tax free to employees, but employers cannot deduct the cost. The bi-partisan Supporting Transit Commutes Act (H.R. 9464) is intended to encourage employers to provide transit subsidies to the employers by allowing them to deduct the cost of providing tax-free commuter benefits to employees. The bill also includes a provision that gives an employer a 50% deduction for the amount withheld from employees’ wages so they pay for their desired commuter benefits on a pre-tax basis. #IdeaoftheDay