QUALIFIED TRANSPORTATION BENEFITS

QTBs

United States Department of Labor statistics reveal that there are more commuters on America's roads than any other time in history. But, with so many commuters on our roads, the need to improve the quality of air and conserve energy by reducing traffic congestion has become a vital part of maintaining a healthy environment.

In an effort to address these challenges, Congress passed the "Transportation Equity Act for the 21st Century" (TEA 21) which permits employers to offer Qualified Transportation Benefits (or, QTBs) on a tax-free basis. Subject to monthly maximums, QTBs are excluded from federal income tax, state income tax (subject to individual state legislation), and social security (FICA) tax.

For more information on Qualified Transportation Benefits, contact EBS/Atlanta at qtb@ebsatlanta.com.