News and information about transportation, including roads, transit, hiker-biker trails and pedestrian safety.
Tuesday, December 22, 2015
Maryland Commuter Tax Credit Available for Employers
employers, including 501 (c)(3) organizations, may claim a tax credit for 50
percent of the eligible costs of providing commuter benefits, up to a maximum
credit of $50 for each participating employee per month. The tax credit can be
taken against personal income tax, corporate income tax or insurance premium
tax. Employers must submit a registration form to the State before the last day
of the taxable year in which the credit will be claimed.