FAQ

Parking & Transit

Frequently Asked Questions

What does eligible expense mean when it comes to commuter benefits?


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.




What if I take a flight to work? Is parking at the airport an eligible expense?


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




Is parking and transit, two separate benefits?


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.




What is a transit pass?


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.




What is an eligible expense for mass transit?


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.




I carpool with others. Is that considered an eligible expense?


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




Why would i want to participate in the parking and transit program?


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.




I am an independent contractor with my company. May I participate in this program?


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




Is there a monthly limit or amount to this plan?


Yes.




If I don’t spend the money allowed for my parking and transit, do I lose it?


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





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