Maryland Commuter Tax Credit
The Maryland Commuter Tax Credit rewards employers who provide a financial subsidy towards qualifying commuter programs to help reduce the cost of their employees' commutes.
Employers that offer commuter benefits may claim back up to $1,200 per employee per year with the Maryland Commuter Tax Credit.
Starting July 1, 2022, new qualifying programs will include biking, walking, telecommute, carpooling, and first/last mile multimodal options, in addition to the existing qualifying options of transit, vanpool, Guaranteed Ride Home, and Parking Cash-Out.
Read more about the Maryland Commuter Tax Credit and how to claim it.
The RideSmart Commuter Solutions Team is ready to help you build a commuter benefits program that benefits everyone. Our support is always free! Contact us today.