Qualified transportation benefits are one of the eight types of statutory employee benefits (also known as fringe benefits) that are excluded from gross income. An employer in the United States may provide transportation benefits to their employees that are tax free up to a certain limit. Please click the link below to view a chart explaining the definition/application and impact on employee wages for both types of transportation benefits:
Transportation (Commuting) Benefits Breakdown
We hope you find this information valuable. Please do not hesitate to contact Holman HR with any questions you may have.