Under IRS Section 131 Qualified Transportation Benefit, employers are allowed to offer workers the ability to use pre-tax dollars to help pay for the cost of commuting to and from work. There are three different types of Transit/Commuter Benefits.
Parking Account
Covers cost of parking at or near place of work or for:
Parking at transit facilities (bus, train or subway stations)
Carpool pick up locations
Commuter vehicle (vanpool) pick up locations
Parking meter
Up to $325.00 per month
Debit Card
May be held at same time as Transit Benefit
Public Transit / Mass Transit / Vanpool Account
Fares for buses, trains, subway and ferry
Vanpool must have seating for 6, not including driver
Up to $325.00 per month
Debit Card
May be held at same time as Parking Benefit
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