Do you know that you can set aside a portion of your pre-tax income towards your commuting expenses?
As a measure towards making environment green and federal tax stimulus you can now set aside a portion of your pre-tax income to save 4 times in your federal and state income taxes. Most of us know that if we go for a new auto vehicle (cars) we can save the cost incurred in our tax returns. similarly if you travel by bus or train you can set aside a portion of it in pre-tax income and save money in taxes. The saving potential is 1:4. Say if you spend $100 towards your commuting expenses then you could save about $400 in your federal and state taxes. Many USA states including connecticut have this rule in effect. You can contact your human resources department to find more details in this regard. Ask for say "Connecticut Commuter's Tax benefit Program".Save money offline. Live great.This helps you save environment. Save Fuel.Lets give our one cent to reduce Global Warming.
As a measure towards making environment green and federal tax stimulus you can now set aside a portion of your pre-tax income to save 4 times in your federal and state income taxes. Most of us know that if we go for a new auto vehicle (cars) we can save the cost incurred in our tax returns. similarly if you travel by bus or train you can set aside a portion of it in pre-tax income and save money in taxes. The saving potential is 1:4. Say if you spend $100 towards your commuting expenses then you could save about $400 in your federal and state taxes. Many USA states including connecticut have this rule in effect. You can contact your human resources department to find more details in this regard. Ask for say "Connecticut Commuter's Tax benefit Program".Save money offline. Live great.This helps you save environment. Save Fuel.Lets give our one cent to reduce Global Warming.
