Eligible expense means expenses incurred by an employee to park close by an employers business premises or at a location from which employee commutes to work.

No, parking at the airport, even though it would appear to fall within the definition, is not an eligible expense.

Yes, an employee could be reimbursed for both the parking expenses and the transit expenses if commuting from a fee based parking facility from the two separate benefits.

A transit pass is defined as any pass, token, fare card, voucher or similar item that entitles a person to transportation or mass transit facilities.

Train, bus, subway or ferry expense is all considered to be eligible. In addition, expense incurred from a person who is in the business of providing transportation for compensation or hire if the highway vehicle has a seating capacity of at least six adults minus the driver.

No, carpool is not considered to be an eligible expense.

If you currently spend money on these types of expenses, you may be able to save as much as 30 percent of your expenditures, simply by deducting these expenses on a pre- tax basis.

No, only current employees can participate. Independent contractors, or self employed persons are not eligible.

Yes.

No, the money rolls forward from month to month and from year to year but cannot be cashed out.