Regional Transportation Authority

 

RTA Transit Benefit Fare Program

The RTA Transit Benefit Fare Program helps employees and employers save money on transit.  IRS Section 132(f) allows for employees to have up to $245 a month deducted pre-tax to pay for transit or vanpool commuting expenses.  Below is an example of the savings.

Pre-Tax Benefit

Monthly income without
pre-tax Benefit
*








Monthly income with
pre-tax Benefit
*
Monthly Gross Salary $4,000 Monthly Gross Salary $4,000
Federal Taxes ($1,120) Transit Fare** ($245)
FICA ($306) Pre-Tax Income $3,755
State Tax ($200) Federal Taxes ($1,051)
Post Tax Income $2,374 FICA ($287)
Transit Fare** ($245) State Tax ($188)
After Tax & Transit $2,129 After Tax & Transit $2,229

 


Savings of $100 each month

$100 x 12 months = $1,200 in Annual Savings

 

Would you like to learn how to enroll in the program? Visit

www.lesstaxingcommute.com

RTA blue TransparantThe Transit Benefit Program is offered by the RTA and
provides savings on the following providers:

CTA blue     Metra blue  Pace blue    Chicago Water Taxi
  South Shore     nictd2
   Amtrak

 

 

* Assumes employee is included in 28% federal income tax bracket, 5% in state income tax and 7.65% FICA

** Assumes employee uses maximum benefit each month


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