01-20-2023, 06:28 PM
(01-20-2023, 04:00 PM)bravado Wrote: Is parking at work a taxable benefit in some alternative reality? Should people who don’t drive get a refund from their employer?
Parking at work is a taxable benefit when parking costs money, like in DTK. But in the suburbs, where zoning mandates such massive amounts of parking that it drives the market price to zero, it's not considered a taxable benefit.
But just because the market price of parking is zero, doesn't mean parking is zero cost. It still has to be built, maintained, cleared of snow, etc. Some areas have adopted rules called parking cash out, which mandate that employees who don't use the parking get paid an amount equivalent to what the employer spends on providing free parking for the employees who drive.
It seems quite fair to me. If the employer is going to spend money on providing free parking, they should be mandated to offer an equally valuable credit towards transit/cycling/etc. The easiest form of which is to just give cash.