This issue includes: - Transportation Fringe Benefit Increases in 2024
- The
Maryland Commuter Tax Credit
- Employer Partner and Rideshare Coordinator Spotlights
- Regional Program News
- Resources and Upcoming Events
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Transportation Fringe Benefit Increases in 2024
The Federal Transportation Fringe Benefit increased the pre-tax limits in 2024 to $315 a month for transit, vanpool, and qualified parking. Employers may implement this as a pre-tax/employee-paid benefit,
employer-provided tax-free subsidy or both. Additional guidance on the 2024 limits can be found here. |
Save $1,200 per Employee Each Year with Commuter Benefits
Employers who offer subsidies for commuting by transit, vanpool, carpool, telework, walking or biking, or provide Guaranteed Ride Home, First/Last Mile, or Parking Cash Out programs may be eligible to claim 50% of the
subsidies paid through annual Maryland tax returns (up to $1,200 per employee per year). By utilizing the Maryland Commuter Tax Credit, everyone saves money. Plus, these benefits could give your organization the leading edge in employee recruitment and retention. It’s easy to set up these programs, and we offer free support to any Maryland employer. Learn more about the tax credit here and contact us for free assistance at commuterchoice@mdot.maryland.gov.
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Employer Partner and Rideshare Coordinator Spotlights
Employer Partner Spotlight: Zen Well Studio Janine
Horne started Zen Well Studio in Waldorf, MD to "enhance holistic wellbeing and self-care management through physical and creative movement" and now serves both individual and corporate clients. Her background in public and community health shines through as she offers her staff flexible work schedules, carpooling, and accommodations (storage and showers) for those who commute via bicycle. Read our interview with Janine Horne to learn more about how Zen Well Studio offers creative incentives to provide their employees with the best experience possible.
Employer Partner Spotlight: Horizon
Kari Swenson, the co-owner of Horizon, started offering transit benefits to her employees shortly after getting into the McDonald’s franchise business and learning about programs offered by Montgomery County Commuter
Services. By taking advantage of the Maryland Commuter Tax Credit, she is able to provide free SmarTrip transit cards to her employees at half of the cost to the business. Dedicated to ensuring staff can maximize that benefit, Kari’s restaurants also adjust employees' work schedules to align with bus service times. Read our interview with Kari Swenson
to learn more about how Horizon has utilized the Maryland Commuter Tax Credit to offer employees commuter benefits.
Rideshare Coordinator Spotlight: LaToya Crump, Prince George’s County RideSmart
LaToya Crump is one of Prince George's County's new RideSmart Commuter Solutions Program Managers. She is a Marketing and Outreach Specialist for the RideSmart Program with the Prince George's County Department of Public
Works and Transportation (DPW&T). While she is new to the transit world, LaToya is a passionate and dedicated individual who advocates for sustainable, accessible and efficient transit solutions that improve the quality of life for all. To get in touch with LaToya and learn more about how she can help you, please use the contact information
below. Email: info.pgcridesmartsolutions@co.pg.md.us Phone: 301-577-0887 Website
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Baltimore and Carroll County
Check out the new GoSmart Maryland website for information about commute options in the Baltimore region. GoSmart Maryland helps commuters save money, time and stress by finding rideshare partners, transit options and Park-and-Ride lots, as well as provides education to employers on financial incentives for program participation. Click here to learn more. Southern Maryland
Have you heard about the Vanpool Incentive Program (VIP) offered by the Tri-County Council of Southern Maryland? If you live or work in St. Mary’s, Charles or Calvert counties, the VIP offers a monthly $300 subsidy per van
that can be combined with other regional subsidies. Programs are customizable and include crossovers, SUVs, minivans and large passenger vans. Get all the VIP details by calling 301-274-1922 or emailing gclark@tccsmd.org. |
Upcoming Events and Resources
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