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Metro is inviting employers from DC, Virginia and Maryland to learn how to they can save money on payroll taxes while offering a valuable benefit to their employees through the SmartBenefits® program. On Tuesday, January 30, Metro will host a free SmartBenefits seminar where employers can learn more about the program and get started.
SmartBenefits is Metro's IRS-compliant commuter benefits program that offers employers and employees an opportunity to save thousands of dollars in taxes using pre-tax transit benefit payroll deduction; a direct employer-paid transit benefit; or a combination of the two.
Employers can also use SmartBenefits to comply with the DC Commuter Benefits Law, which requires all employers with 20 or more employees to offer commuter transit benefits.
Unlike other benefits programs, Metro does not charge additional fees to participate in SmartBenefits. Employers may save $400 or more annually in FICA and unemployment taxes for each SmartBenefits participant. Employees who participate can save $1,000 or more in taxes every year.
Signing up is free, and employers only pay for the passes, fares or parking ordered as part of the benefits or payroll-deduction program.
To learn more about SmartBenefits, sign up for Metro's SmartBenefits Seminar:
WHEN: Tuesday, January 30, 2018, 9:30 a.m. - 11 a.m.
WHERE: Metro Headquarters, 600 Fifth St. NW, Washington, DC 20001 (closest Metro stops - Judiciary Sq and Gallery Place)
Interested employers should RSVP to reserve a seat.
For additional information about SmartBenefits and the potential tax advantages visit wmata.com/SmartBenefits.
The benefits of SmartBenefits
Metro makes providing commuting benefits easy with its SmartBenefits program. Employers can save hundreds of dollars on FICA and unemployment benefits per employee.