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STATE OF HAWAII PRETAX TRANSPORTATION BENEFIT PILOT PROGRAM EMPLOYEE CANCELLATION From This cancellation form must be completed in its entirety and received by the Department Coordinator at least
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What is pretax transportation benefit pilot?
The pretax transportation benefit pilot is a program that allows employees to set aside a portion of their pre-tax salary to pay for eligible commuting expenses, such as public transportation or parking.
Who is required to file pretax transportation benefit pilot?
Employers are required to offer the pretax transportation benefit pilot to their employees if they have more than 20 employees and the employees are eligible for the program.
How to fill out pretax transportation benefit pilot?
Employees can enroll in the pretax transportation benefit pilot by completing a salary reduction agreement form provided by their employer and specifying the amount to be deducted each month for commuting expenses.
What is the purpose of pretax transportation benefit pilot?
The purpose of the pretax transportation benefit pilot is to help employees save money on commuting expenses by allowing them to pay for eligible expenses with pre-tax dollars.
What information must be reported on pretax transportation benefit pilot?
Employers must report the total amount of pre-tax transportation benefits provided to employees during the year on their annual tax filings.
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