Give Employees a Tax Break
Vanpoolers can save through a pre-tax deduction
Through IRS Code 132(f), employers are allowed to provide a pre-tax benefit up to $255 a month from employee paychecks toward the cost of vanpooling. This lowers your employee’s taxable income (a benefit for them) and reduces your share of payroll taxes (FICA). The pre-tax benefit applies if you choose to directly subsidize vanpooling for your employees as well.
Form a vanpool today or call 800 VAN-4-WORK and find out about the tax incentives as well as other ways Enterprise Rideshare can save your company and employees money.