NY Programs that Save You Money on Your Daily Commute

New York City’s high cost of living often makes commuting a huge part of your bills. However, there are several financial programs designed to help alleviate these costs for NYC commuters:

Commuter Laws You Should Know

• The Bicycle Commuter Act allows employees to receive tax-free reimbursements of up to $20 per month for qualified bicycle commuting expenses; including maintenance, repair, and storage costs. The act also encourages eco-friendly commuting options while providing financial incentives.
• The Commuter Benefits Law requires employers to provide pre-tax benefits for qualified transportation expenses, enabling employees to save on commuting costs by reducing taxable income.

Ways to Save

1. Fair Fares:
   • Eligibility: Low-income New Yorkers.
   • Benefits: 50% discount on subway, bus, and Access-A-Ride fares.
   • How to Apply: Check eligibility and apply through the NYC Human Resources Administration (HRA).
2. Reduced Fare MetroCard:
   • Eligibility: Seniors, people with disabilities, and low-income individuals.
   • Benefits: Discounted fares on subways and buses.
   • How to Apply: Apply through the MTA.
3. MetroCard Vanpool Program: Provides reduced-cost MetroCards for vanpool participants, allowing for shared rides and cost-sharing among commuters.
4. 511NY Rideshare: Offers a platform for commuters to find carpool partners, reducing travel expenses by sharing costs and promoting a more efficient use of vehicles.
5. Reduced-Fare MetroCard: Provides discounted rates for subway and bus rides, allowing eligible individuals, such as seniors, people with disabilities, and Medicare recipients, to travel at a reduced cost.
6. Commuter Benefits:
   • How it works: Employers can offer pre-tax commuter benefits, allowing employees to set aside money for transportation expenses.
   • Benefits: Reduces taxable income and lowers overall transportation costs.
   • Check with your employer: Inquire about their specific commuter benefit programs.