Federal Tax Incentives for transit, vanpooling and bike commuting

 



Employee Savings Calculator

If your employer participates in the commuter choice programs, you may choose to use pre-tax income to pay for transit and vanpool fares and parking costs. The amount you choose to set aside for this purpose may not exceed the actual cost to you of your parking and transit costs. You can use up to $230 per month for transit and vanpool fares and/or up to $230 per month for qualified parking.

To estimate your savings by using this program, just use the calculator below.


 
Federal Tax Rate

Please enter your federal individual income tax rate.

 
State Tax Rate

Please enter your state individual income tax rate.

 
Transit and Vanpool Fares

Please enter the amount of money (use a whole dollar amount) you will spend on transit and vanpool fares per month. This amount must not exceed $230 or the amount you actually spend each month on transit and vanpool fares.
$

 
Parking Costs

Please enter the amount of money (use a whole dollar amount) you will spend on parking costs per month. This amount must not exceed $230 or the amount you actually spend each month on parking costs.
$

Estimated Employee Annual Savings:
$0.00