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What is a TransiCheck?
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A TransiCheck is a coupon that can be used to offset monthly transportation costs. Employees redeem TransiChecks for discounts on bus passes or vanpool fares.
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How do TransiChecks save money?
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If an employer agrees to subsidize a minimum of $2.50 per month of an employee's transportation costs, the T will discount the monthly transit fare by $2.50 which results in a $5 savings to the employee. For example, a $40 monthly transit pass would cost an employee $35. However, if an employer agrees to subsidize $21 or more of the monthly transit pass, the T will increase the monthly discount from $2.50 to $6. In this instance, a $40 transit pass would cost the employee only $34 a month. For employees that vanpool, the employer decides the amount of the subsidy, communicates that information to us and we fill in that amount on the coupon. The T's Accounting Department invoices the employer each month for the subsidy amount and the vanpooler deducts that amount from his/her van fare.
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How much of the amount is tax-deductible?
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Any amount up to $110 (effective JAN 1, 2007) a month per employee could be eligible for a corporate income tax deduction,
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How do my employees benefit?
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Employees not only save money on transportation costs, they also save on gas, parking, maintenance, and may benefit from a decrease in auto insurance.
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How does my company get the TransiChecks?
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Once an employer signs a letter of agreement, The T will provide a batch of Transi-Checks to your company on a consignment basis. Then, The T's Employee Trip Reduction Representative will mail additional TransiChecks as needed. Employees must redeem TransiChecks within 90 days of receiving them.
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How do I pay for the TransiChecks?
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Employers pay only for the TransiChecks that employees redeem. Each month, all redeemed TransiChecks used by employees at your company will be invoiced to you.
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How do employees redeem the TransiChecks?
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It's easy. They simply mail the Transi-Check Voucher form, along with a check or money order, to the T by the 9th of each month. They can also pay at the T's Customer Service Department at 1001 Jones Street (Intermodal Transportation Center). Only one Transi-Check may be redeemed per employee, per month.
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What about employees who use vanpools?
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Vanpool passengers are issued TransiCheck by their employers, with an amount designated at the employer's discretion. When the van driver collects van fares, the van passenger gives the driver the TransiCheck, plus the amount of the difference for the monthly fare.
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Are there any limitations on TransiChecks?
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Yes. They may not be used toward the purchase of a senior citizen pass, disable pass, Airporter Pass, or for MITS (Mobility Impaired Transit Service).
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How do I get started?
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Call the T at 817/336-RIDE to contact an Employee Trip Reduction Representative.
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| What if my employer chooses not to subscribe? |
Employee pays for commute benefit with pre-tax dollars and saves on income tax. |