Benepass raises $2.4 million to help workers get the most out of their tax-advantaged advantages

Benepass raises $2.4 million to help workers get the most out of their tax-advantaged advantages

Tax-advantaged benefits, like flexible costs accounts, can save staff members in the United States countless dollars yearly, and lower the quantity of payroll taxes business pay. However those advantages are frequently underutilized, just since they can be confusing to navigate. Benepass wishes to make the procedure easier with a mobile app that centralizes all of […]
Tax-advantaged advantages imply employees can set aside part of their income, up to a specific quantity, for health reliant and flexible care versatile costs accounts, student loan payments, transport and other programs. Debit cards linked to pre-tax benefits are often rejected, making workers less most likely to utilize them once again. Often workers merely forget about their advantages, due to the fact that their company’s intranet portals and expenditure software application make them difficult to browse. Chen said Benepass took on tax-advantage advantages due to the fact that “they are the only benefit that saves companies cash immediately, through direct payroll savings, not ROI studies. …