TAX-FREE TRANSIT BENEFIT PROGRAM
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HONOLULU COMMUTER CHOICE TAX-FREE TRANSIT BENEFIT PROGRAM |
| HONOLULU COMMUTER CHOICE TAX-FREE TRANSIT BENEFIT PROGRAM formerly known as BONUS! is an employer-centered commuter transportation program. Employers promote transit and ridesharing by distributing bus passes or transit voucher benefits to employees. The program can be structured as either a low-cost fringe benefit program in which the employer provides the benefit or as a voluntary pre-tax program in which the employee chooses to purchase transit benefits through pre-tax payroll deduction. In the pre-tax program, both employees and employers save on income and other payroll taxes. | |