This new cap is effective January 1, 2019 and results in greater savings for riders and their employers. Payroll deductions in 2018 are capped at $260/month; deductions occurring in 2019 are eligible for the increased cap of $265/month. We will be updating our employer materials to reflect the new monthly cap and will post them to our blog. Should you have any questions, please reach out to us at [email protected].
The IRS released Revenue Procedure 57, which increased the cap on 132(f) transportation fringe benefits from $260/month to $265/month for next year. Please see page 17 of the Revenue Procedure for specific text.
This new cap is effective January 1, 2019 and results in greater savings for riders and their employers. Payroll deductions in 2018 are capped at $260/month; deductions occurring in 2019 are eligible for the increased cap of $265/month. We will be updating our employer materials to reflect the new monthly cap and will post them to our blog. Should you have any questions, please reach out to us at [email protected].
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RideECO submits weekly transfers for PATCO FREEDOM Cards. You will find an updated schedule as to when your order should be received by Edenred and when employees can expect to see funds loaded onto their FREEDOM Cards. The file will continue to be sent to PATCO on Fridays, unless it conflicts with a DVRPC office closure. The dates affected in 2019 are:
In lieu of the dates above, FREEDOM card orders will be submitted to PATCO on the following dates:
Please remember, some federal holidays may impact the load dates. PATCO has three business days to load employees’ FREEDOM Cards. If you want to upload RideECO benefits to FREEDOM Cards, please download the 2019 schedule here. |
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