A Commuter Parking or Transit Account is a pre-tax benefit account used to pay for public parking/transit—including train, subway, bus, ferry or vanpool—as part of your daily commute to and from work or parking as part of your daily commute to and from work. It’s a great way to put extra money in your pocket each month and make your commute more convenient and affordable.
Use up to $300/month in pre-tax dollars to purchase public transit tickets or pay work-related parking fees.
Key Benefits
- Save an average of 30-40% on public transit or qualified parking expenses as part of your daily commute to and from work
- Reduce your overall tax burden — funds are withdrawn from your paycheck for deposit into your account before taxes are deducted
- Choose from a wide range of public transit coverage nationwide
- Convenient order and delivery options save you time
- Variety of payment options make your account easy to use
- Web portal and mobile app access make your account easy to manage
Eligible Expenses
- Buses
- Trains & Subways
- Ferries
- Vanpools
- Commuter Highway Vehicles
- Car Service Apps – UberPool & Lyft Line
Eligible Parking Expenses
- Parking at or neat your place of employment
- Parking at a location from which you commute to work
Ineligible Expenses
- Bridge Tolls
- Highway Tolls
- Expenses For Someone Other Than You
- Fuel
- Mileage
- Uber & Lyft Services (not associated with Uberpool and Lyft Line)
Business travel and other reimbursed expenses are also excluded from this benefit.
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