Daily News | Philly businesses would have to let workers pay for transit commutes with pretax dollars under Council bill
could increase ridership on SEPTA and save people money by requiring many businesses to offer a federal benefit that allows workers to pay for their commutes with pretax dollars.
For some potential customers, SEPTA passes are “not accessible without the savings pretax purchase gives,” Gym said. “Right now people are battling a lot of inflation and we want to help them, as well asShe calculates that a rider who buys a monthly SEPTA TransPass with the benefit could save an average of $250 a year upfront on their federal income tax bill — more with higher-priced passes that include travel on Regional Rail.
Gym’s bill, cosponsored by eight Council colleagues, would count such employer-paid transit benefits.Other employers have told SEPTA they’re interested in joining the Advantage program, including some small businesses, Richards said. Businesses would have some cost under the proposed Council mandate, mainly for deducting the funds from paychecks and keeping track of the accounts. No formal estimate of the cost accompanied the introduction. Offering commuter benefits typically lowers the cost of payroll tax contributions for employers.
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