Get the free Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form - hawaii

This form authorizes payroll deductions on a pre-tax basis for qualified transportation expenses under the Pre-Tax Transportation Benefit Pilot Program associated with the University of Hawai‘i.

How to fill out pre-tax transportation benefit pilot

How to fill out Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form

1. Start by downloading the Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form from the official website.
2. Fill in your personal information, including your name, employee ID, and department.
3. Indicate your preferred mode of transportation (e.g., bus, train, parking) in the designated section.
4. Specify the amount you wish to allocate pre-tax for transportation benefits for the enrollment period.
5. Review the terms and conditions related to the program and ensure you understand them.
6. Sign and date the form to confirm your request.
7. Submit the completed form to the HR department by the specified deadline.

Who needs Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form?

1. Employees who regularly commute using public transportation or require parking facilities.
2. Individuals seeking to reduce their taxable income by utilizing pre-tax benefits for transportation expenses.

People Also Ask about

What are the pre-tax commuter benefits for 2025?

Qualified parking exclusion and commuter transportation benefit. For 2025, the monthly exclusion for qualified parking is $325 and the monthly exclusion for commuter highway vehicle transportation and transit passes is $325.

What is the pre-tax transportation benefit in NJ?

It is IRS Code, section 132(f) Qualified Transportation Fringe. How much pre-tax salary can be used? As of January 1, 2024, the transit cap is $315/month. With this new cap, you may use up to $3,780/year towards your mass transit commute without paying federal income tax on this salary.

What is the pre-tax transportation benefit?

The pre-tax transit and vanpool benefit is using the employee's own salary before taxes to pay towards their transit or vanpool commute. A transit or vanpool subsidy is when the employer provides employees with a transit or vanpool benefit above and beyond the employee's salary.

Should I pay for parking pre-tax or post-tax?

Per IRS Code Section 132(f), transit passes, vanpool, and parking can be paid for with pre-tax dollars. All other forms of transportation are eligible for post-tax spending. Examples from around the United States include: Ridehailing services like Uber or Lyft.

For pdfFiller’s FAQs

What is Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form?

The Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form is a document that allows eligible employees to enroll in a program that enables them to use pre-tax earnings for transportation expenses related to commuting.

Who is required to file Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form?

Employees who wish to participate in the Pre-Tax Transportation Benefit Pilot Program to take advantage of tax savings on their commuting expenses are required to file this form.

How to fill out Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form?

To fill out the form, employees should provide their personal information, including name, employee ID, and select their desired pre-tax transportation benefits, while ensuring all sections of the form are completed accurately.

What is the purpose of Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form?

The purpose of the form is to facilitate the enrollment process for employees wishing to participate in the program, allowing them to save on taxes by using pre-tax funds for transportation.

What information must be reported on Pre-Tax Transportation Benefit Pilot Program Open Enrollment Form?

The form requires reporting of the employee's identification details, the type of transportation benefit chosen, the amount of pre-tax income to be allocated, and any other relevant details necessary for processing the enrollment.