Transit Accounts Overview

Transit / Commuter Accounts Overview

The costs of traveling to-and-from work can add up quickly! With a Transit (aka Commuter) account, sponsored by your employer, you can set aside money before taxes and save on travel-related expenses like parking fees and bus/subway/train fare. 

A Transit / Parking account can cover public transportation fare, parking, or vanpool!

Qualified Expenses

There are three types of transit/commuter benefit accounts:

  1. Parking. Covers parking fees near the place of work, or at a lot from where the commuter rides vanpool, carpool, or mass transit
  2. Mass transit. Covers the cost of bus, train, subway, ferry, etc. fare to and from work
  3. Commuter highway vehicle. To pay for fare on vehicles that carry 6 or more adults (Vanpool)

Transit / Commuter Contribution Limits

Type

Monthly Limit

Parking

$265

Mass Transit Pass / Fare

$265

Commuter Highway Vehicle (Vanpool)

$265

You can update your pre-tax contributions at any time. Some commuter plans allow for rollover at the end of the year for unused funds.

Need to Know!

  • Employees can have both the parking and transit benefits at the same time (up to $530 per month). However, if you use both mass transit and vanpooling, you can only claim a total of $265.
  • If you have a benefits debit card, you can use the card to pay for most commuting or parking costs (where the card is accepted). In some major cities, your benefits card may have terminal restrictions that allow you to use your card only where fare media is sold.
  • Always keep your receipts! Your benefits administrator may ask to verify your purchases. 

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Transit Accounts Overview

Transit / Commuter Contribution Limits

Type

Monthly Limit

Parking

$265

Mass Transit Pass / Fare

$265

Commuter Highway Vehicle (Vanpool)

$265

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