Register Subsidize Record
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How can I get transport subsidy?
During the specific period in each month, commuters can collect the public transport fare subsidy of the previous month through the Octopus App or dedicated Octopus readers at designated locations (including MTR stations and Octopus Service Points).
What is a transportation subsidy?
The Transportation Subsidy Program is a program of financial incentives designed to encourage employees to use mass transit for commuting to and from work.
What is the maximum transit subsidy?
The IRS has announced an increase in the public transit subsidy tax-free maximum for 2019 from $260 to $265 a month.
What is the maximum federal transit benefit?
Federal Commuter Benefits (Transit Subsidies) Executive Order 13150 of 2000 required that all federal employees in Washington, D.C., and its immediate suburbs receive a tax-free monthly benefit equal to their commuting costs up to a maximum of $270 in the form of passes or vouchers purchased by the agency.
What is Transverse?
Transverse supports you with simplified access to transit authority information, electronic applications, how-to instructions and other resources that encourage your use of mass transportation as your primary means of commuting from home to work.
What is the maximum commuter benefit for 2019?
Nonprofits only pay UNIT on transit or parking benefits up to the per employee per month amount that's tax-free to employees ($260 in 2018, rising to $265 in 2019).
How do I claim my octopus subsidy?
All commuters need to do is to tap their Octopus card on dedicated readers at these locations. The subsidy will then be credited to the Octopus. The subsidy for each month is valid for collection within three months, after which the monthly amount cannot be retrieved.
How do you get octopus subsidy?
Starting from the 16th of each month, you can collect the public transport fare subsidy of the previous month by tapping your Octopus through the following channels. The subsidy will be credited to the Octopus automatically. The subsidy of each month is valid for collection within three months.
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