![]() ![]() ![]() New Jersey employers with at least 20 employees must offer a pre-tax transportation fringe benefit option to employees.Įmployers with fewer than 20 employees (including union employees) are not required to offer benefits at this time. To make things less confusing, check out some common questions and answers below about the regulation. ![]() If you’re a New Jersey employer, you can’t ignore the new pre-tax transportation benefits law. There are similar pre-tax transit benefit programs in place in other cities, such as: Transit passes (e.g., rail or bus passes).Transportation in a commuter highway vehicle for travel between the employee’s residence and place of employment.Typically, a transportation fringe benefit covers things like: NJ Transit Benefits Law reduces the financial burden of fares and parking costs for commuting employees. This law is most commonly referred to as the New Jersey Transit Benefits Law. On March 1, 2019, New Jersey’s governor signed a law requiring NJ employers to offer commuter transportation benefits to eligible employees. New Jersey pre-tax transportation benefits Read on to learn about NJ transit benefits, including whether you’re responsible for offering transportation benefits and when employees can begin receiving fringe benefits. ![]() New Jersey is the first state to require employers to offer pre-tax transportation benefits to employees. With so many people commuting to work, more states are starting to consider compensating employees for certain transportation-related expenses. And, only 9% of people carpool with another individual. And if your business is smack dab in the middle of a big city (e.g., New York City), those chances increase.Īccording to one source, 76% of individuals drive themselves to work every day. If you’re an employer, chances are at least one of your employees has to commute to get to your business for work. ![]()
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