PDF What You Should Know About the TransitBenefit Premium ...
A new tax law, IRC Section 132, allows you to purchase your Premium Card with pre-tax dollars through payroll deductions. As a result, you do not pay federal, state, city, social security, and Medicare taxes on payments for the card. If you are already buying a 30-Day Unlimited Ride MetroCard for $89.00, here's an example of the tax ................
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