Want to save money for both your business and your employees? Under Section 132(f) of the tax code, an employee can set aside up to $255 of his or her paycheck per month to pay for transit-related expenses, under the transit commuter pre-tax benefit program. This pre-tax benefit is exempt from both employer and employee payroll taxes (like Social Security, Medicare, and other federal taxes). It can save businesses at least 7.5% on taxes on money set asidfind out exactly how much it can save your business in this guide from CTrides.

To learn more about how the program works, see this handy guide. With help getting your pre-tax benefits program started, call CTrides at 1-877-CTrides (1-877-287-4337) for services like custom planning. If your workplace would like to contract with a vendor to administer this cost-saving program for you, a good list of firms can be found here and here.