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The MTB is an employer-provided mass transportation fare subsidy that is offered to eligible employees who use mass transportation for their commute to and from work. Employers assign the dollar value
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The mass transportation benefit program allows employees to use pre-tax dollars to pay for public transportation expenses, thereby saving money on commuting costs.
Employers are required to offer the mass transportation benefit program to their employees. Employees can choose to participate in the program.
Employers can set up the program through a third-party administrator or payroll provider. Employees can enroll in the program by filling out the necessary forms provided by their employer.
The purpose of the mass transportation benefit program is to promote the use of public transportation and reduce commuting costs for employees.
The program must report the amount of pre-tax dollars used by employees for public transportation expenses and any administrative fees associated with the program.
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