So, the delay wasn't enough for reimbursement, but speaking of $$$, I did receive 3 letters in the mail last night for those delayed trains we had to endure in December. I love those form letters, especially where it says "We apologize for the delay due to NONE." Hmmm, maybe I'll try that at work and see how it flies, "Oh, I'm sorry manager, I apologize for not delivering my project on time due to NONE." Yeah, not happening.
In other news, I'm pretty excited for an upcoming change in my commute benefit via work. (I currently get my commuter rail pass via Wage Works). I found out today that the Emergency Economic Recovery Act signed into law by President Obama this week includes a provision which raises the amount of pretax income that employees enrolled in employer-sponsored commuter benefits programs (such as a transit pass purchase program) can use to pay for transit/vanpool expenses from $120 per month to $230 per month.
How the Commuter Benefit Works
- The commuter benefit will now allow employees to deduct up to $230 per month from their gross income, to pay for their mass transit commutes. This is an increase from the current cap of $120/month. (The only way to take advantage of these tax savings is by enrolling in a commuter benefits program offered by the employer.)
- Employees whose monthly mass transit fees are less than the $230 cap are allowed to deduct the full amount from their paychecks.
- Additionally, employees are allowed to deduct up to $230 per month for eligible commuter parking expenses (no increase from current cap).
- The measure helps employers save money by lowering their payroll taxes.
- As a result of the increase in employee and employer savings, under the new law, it is also expected that the number of employees who are offered the benefit will increase, as companies not currently offering the benefit will do so.