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Do you use the pretax transit benefit?
The new fiscal measure increases the pretax transit benefit to $240 a month.
The increased transit benefit would primarily help suburban commuters, whose costs often exceed the current cap.
There have been recent attempts to raise the cap on the transit benefit.
Bills introduced in the Senate and the House of Representatives would keep the transit benefit at $230 a month.
The mass transit benefit break, which had been cut to $125 a month after 2011, has been reinstated and extended.
Similar(43)
By day, he works at a company that administers transit benefits.
WageWorks is part of a group working to support transit benefits, which are especially popular in urban areas.
Senator Charles E. Schumer, a New York Democrat, has proposed legislation to equalize the parking and transit benefits at $200 a month.
But the discrepancy between the parking and transit benefits remains, and is frustrating to advocates for public transportation.
The bill permanently matches the level of pre-tax transit benefits to pre-tax benefits for parking.
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