Save Money on Your Daily Commute

Commuting expenses can take a significant toll on workers’ budgets, especially in bustling cities like New York. However, there are several ways you can save money on your daily commute.

Commuter Laws You Should Know

• The Bicycle Commuter Act allows employees to receive tax-free reimbursements of up to $20 per month for qualified bicycle commuting expenses; including maintenance, repair, and storage costs. The act also encourages eco-friendly commuting options while providing financial incentives.
• The Commuter Benefits Law requires employers to provide pre-tax benefits for qualified transportation expenses, enabling employees to save on commuting costs by reducing taxable income.

Ways to Save

By taking advantage of these programs, workers can alleviate financial burdens and improve their overall financial well-being:

1. Commuter Benefits: Find out if a Commuter Benefits program is available where you work. These benefits allow you to pay for transit and/or commuter parking tax-free. 
2. MetroCard Vanpool Program: Provides reduced-cost MetroCards for vanpool participants, allowing for shared rides and cost-sharing among commuters.
3. 511NY Rideshare: Offers a platform for commuters to find carpool partners, reducing travel expenses by sharing costs and promoting a more efficient use of vehicles.
4. Reduced-Fare MetroCard: Provides discounted rates for subway and bus rides, allowing eligible individuals, such as seniors, people with disabilities, and Medicare recipients, to travel at a reduced cost.

Explore these programs and empower yourself to cut costs while commuting in the bustling streets of New York.