Commuter Benefits
What is a commuter account?
A commuter account is an employer-sponsored benefit program that lets you set aside money before taxes to spend on parking and public transportation to and from work.
Why should I participate?
The money you put into a commuter parking or transportation account is taken from your paycheck before taxes are deducted. So, you can pay for your parking or transportation expenses with money that hasn't been taxed.
You can save an average of 30% on your eligible mass transit and parking expenses.
What is considered a qualified mass transit expense?
Qualified expenses include transit passes, tokens, fare cards, vouchers, or similar items allowing you to ride a mass transit vehicle to or from work. The vehicle may be publicly or privately operated and includes bus, subway, rail, or ferry.
What is a qualified parking expense?
Get reimbursed for parking expenses incurred at or near your work location or a parking location from which you continue your commute to work by vanpool or mass transit. Out-of-pocket parking fees for parking meters, garages and lots qualify. Parking at or near your home is not an eligible expense.
Is there a limit to how much I can contribute or spend each month?
Yes. Monthly limits are set by the IRS. Any monthly expenses above these limits are not tax-exempt and cannot be applied to future months.
Can I use my commuter account for commuting expenses like tolls and gas?
No. Commuter account funds may not be used for tolls, gas, or mileage.