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Pre-Tax Program
 Employer Pass Purchase Programs
IRS Regulation 132 offers substantial dollar savings to transit riders on the cost of their daily commute. These savings are generated from the federal, state, and FICA taxes that are not accessed on transit costs when paid by employees on a pre-tax basis. The IRS establishes employers as the gatekeeper for this federally approved program and their responsibility is to deduct the cost of the pass each month from the employee's paycheck. COTA offers a choice of either a voucher system provided by Commuter Check Corp., an easy COTA direct pre-paid pass distribution program, or a fully administered 3rd party program offered by Wage Works to offer employer's in developing a pre-tax benefit program. More information may be had by going to the "Working with COTA" section of this website (Employer Services & Programs) or by calling the COTA sales office at 614 275-5839. |
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