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Commuter Choice Maryland can help you create benefits for your employees at half the cost and reduce your costs through the Maryland Commuter Tax Credit. Businesses, including 501c3 and 501c4 organizations, may be eligible to claim a tax credit of 50% of the cost of providing qualifying commuter benefits (up to $100 per employee per month) when you offer employees qualified commuting benefits programs like Guaranteed Ride Home, Vanpool, Transit, Cash in Lieu of Parking, Telework, Carpool, Active Transportation, and Multimodal Commuter Last Mile Connection. In addition to the Maryland Commuter Tax Credit, Federal tax code allows employers to provide tax-free benefits (up to $300 per employee per month in 2023) qualifying parking, vanpool, and transit benefits through a tax-free, employer-paid subsidy or pre-tax, employee-paid deduction (or a combination of the two).
Want to know if your business qualifies?
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