As the school year comes to a close for many across the country, it might be time for all of us to review what we have learned and consider the ABC’s of Commuter Benefits.
After-tax purchases cost you on average 30-40% more than pre-tax purchases.
Before tax elections allow you to set aside funds on a pre-tax basis for commuting expenses. Let’s be serious.
Commuting can be expensive.
Driving can be hassle (or not even a viable option). But,
Everyone wins when you have commuter benefits.
Friends and family are even happier. You have a
Great opportunity to keep more money in your pocket. Plus, taking mass transit
Helps out the environment.
In one year, you can save over $1,500*
Just by doing something you
Know is easy and makes sense.
Like
My dad says at the car dealership,
No
One
Pays
Quoted
Rates when there is a
Sale to be had.
Taxes are everywhere. BUT
Under commuter benefits, you can keep a little bit more for your own
Vision. Possibly a
Winter vacation,
Xylophone or that
Yellow coat you have been wanting. Or perhaps, just some time away to catch a few
Zzzzz’s.
Now that you are well-versed in the ABC’s of Commuter Benefits, perhaps the next time you can join me for a discounted ride. Let’s embrace these advantages and make commuting a more enjoyable and financially rewarding experience.
Don’t forget to add your card to a digital wallet to make contactless payments.
Learn More about Commuter Benefits
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* Savings based on a monthly election of $255 at a tax rate of 35% for annual savings of $1,539.
