Qualified Transportation Benefits (QTB)

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