Throughout Southern California, Metrolink's commuter train service is helping employers and employees to save money, reduce stress, increase productivity and improve the quality of their lives. Additionally, commuting by train offers companies tax savings to both employers and employees!
Please take a few minutes to discover the Metrolink advantage and learn what Metrolink has to offer to help you stay on track.
Find out more about the benefits of riding Metrolink, tax savings and how to join our corporate partner program.
The Corporate Partner Program (CPP) is a convenient transportation program for employers and organizations to order tickets and passes for their employees. Employees Transportation Coordinators who administer the Corporate Partner Program issue Metrolink Corporate Quick Cards to riders who retrieve their tickets from Ticket Vending Machines. The minimum requirement is five passes sold each month.
Employers save because they can enjoy federal and state tax benefits, satisfy air quality requirements and their employees arrive at work relaxed and on time. Employees benefit because they can receive a pretax savings on the purchase of monthly passes. They can also easily access Metrolink information, and enjoy all the rewards of commuting by train. The bottom line is a savings and a benefit for the company and the employee.
Metrolink provides its corporate customers with promotional materials such as train schedules, system maps, up-to-date service notices and promotional flyers to educate new employees who would like to try the train.
For more information on employer transportation programs, contact:
Simply fill out, scan and email both the Corporate Sales Agreement and the Registration Form to firstname.lastname@example.org.
The following are just some of the benefits that Metrolink can bring to your company:
For tax year 2013, the monthly limitation regarding the aggregate fringe benefit exclusion amount for transit passes and transportation in a commuter highway vehicle is $245, up from $240 for tax year 2012 (the legislation provided a retroactive increase from the $125 limit that had been in place). For details go to the IRS website page: http://www.irs.gov/uac/Newsroom/Annual-Inflation-Adjustments-for-2013
The employer's cost of providing transportation benefits can be deducted as a normal business expense. You do not pay payroll taxes of up to $245.00 each month per employee that takes this transit deduction. The payroll tax savings alone is usually more than enough to cover any costs of administering the program.
With a pre-tax paycheck deduction for transit commuter benefits, employers can allow their employees to purchase monthly Metrolink passes and reduce their taxable income by over $2,940 per year. The first $245 per month of commuting costs is completely exempt from federal income and payroll taxes. This option also benefits employers by saving them money on related payroll taxes. Click on the links below for more details on tax savings:
The average price for a Metrolink Monthly Pass is $247. Assuming a 37% Federal, State and Local tax rate the savings would be $109 per month or a 44% savings.