Savings in commuting costs available through the popular Commuter Benefits Program have increased in 2016. The amount you can deduct from your taxable income for commuting costs for MTA, LIRR, N.J. Path and other mass transportation expenses will change as follows:
- The Transportation Fringe Benefit Monthly Pre-Tax Limit will increase from $130 per month to $255 per month. This applies to the Commuter Card Plan that is the most popular choice for NYCHA employees, as reported in the June issue of NYCHANow.
- The Parking Fringe Benefit Monthly Pre-Tax Limit will increase from $250 per month to $255 per month.
To review your payroll deductions amounts and make any necessary payroll deduction changes, visit NYCAPS under the HR tab in NYCHA Connect or contact Susan.Mathew@nycha.nyc. gov or at 212-306-6824. Additional information is available here.
By enrolling in the City of New York Commuter Benefits Program, you can save up to 40 percent on the cost of your commute using public transportation and parking costs.