Employees in the Bay Area and Chicago Metropolitan Area have access to the commuter benefits program, which allows employees who commute to and from work to set aside pre-tax funds to pay for their work-related mass transit and parking expenses. Eligible expenses for the transit benefit include transit passes, fare cards, ticket books, and vanpool expenses.
You may start and stop your elections anytime during the year, just submit a HR Ticket with directions to stop or start your contributions with the per pay check amount.
You may deduct pre-tax money from your paycheck to pay for commute-related expenses which reduces your taxable income. The maximum contribution is:
- Transit: $270 monthly
- Parking: $270 monthly