On April 19, the Center for Nonprofit Advancement introduced a new pre-tax transportation benefit for Center members.
Pre-tax transportation accounts save money for both employers and employees. Employees can use pre-tax transportation benefits for work-related mass transit fares, qualified parking costs, van pooling charges, and even bike-related expenses. Employers save money through lower FICA tax payments.
Center members receive complimentary account set-up (a savings of $225).