Commuters Can Use Pre-Tax Income For Public Transit

UPDATED 03/09/11 1:23 p.m.

CHICAGO (CBS) — People who work in Cook County can pay their fares for public transportation using pre-tax income, and companies have an incentive to participate.

You could be eligible if you take the CTA, Metra, Pace, the South Shore Line, and some Amtrak routes.

The Transit Benefit Fare Program allows workers to select their means of transit with an online order or phone call to customer service.

For employers that are participating, the program then sets aside a portion of employees’ paychecks before taxes are deducted.

The program is not new, but the incentive for local employers to participate is. Effective today, participating companies receive federal tax breaks of up to $1,700.

To learn more, click here.

  • Steve

    Way to be on top of things CBS, the pre-tax option has been an option for years.

    Keep up the good work.

    • Kay

      Did you read the entire article? The final paragraph clearly says the program isn’t new, but the incentive for employers is.

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