The City of San Francisco applauds President Obama and Congress' decision to increase the monthly pre-tax deduction for transit/vanpool expenses under transportation fringe benefits (IRS code 132f) from $120 to $230, effective February 17, 2009. The increased maximum brings greater financial incentive to take public transportation to and from work.
San Francisco's Commuter Benefits Ordinance requires all employers with 20 or more employees to offer transportation benefits to their employees, either as a pre-tax deduction for transit/vanpool, as an employer paid subsidy, or as a free shuttle service. Businesses offering a pre-tax deduction for transit/vanpool should increase their allowable amount to $230 for the next deduction. The change could save commuters with the longest and most costly commutes more than $1000 per year on average in tax savings.
For questions or concerns about Commuter Benefits, please contact the San Francisco Department of the Environment at (415) 355-3727 or commuterbenefits@sfgov.org.
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The City of San Francisco offers Commuters a FREE service: 511 Regional Rideshare Matching
511's on-line carpool/vanpool matching system helps employees find people who live and work near them from all over the Bay Area . Your employees can start sharing commuting costs, skipping the bridge tolls, and zipping past traffic in the carpool lane. Sign up on-line at SFEnvironment.org/RideShareMatch before March 31, 2009 and you will be eligible to come pick up a FREE SF Environment canvas bag!
In addition, your business can be listed in the drop-down menu on our website. This will enable your employees to choose between getting matched with only people in your office or with the greater Bay Area population.
Being listed as a San Francisco Business in our drop-down menu is FREE.
Simply submit requests to the San Francisco Department of the Environment at (415) 355-3727 or commuterbenefits@sfgov.org.
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