Transit Account Administration

Transit Account Administration

Under the provisions of Internal Revenue Code (IRC) Section 132(f), employers are allowed to offer eligible employees the option to direct a portion of their salary into reimbursement accounts to pay for work-related parking or mass transit expenses on a pre-tax, salary reduction basis.

Benefit highlights include:

  • Reduce employee carbon footprint
  • Increase employee satisfaction
  • Reduce employee costs*

*employees don’t pay income, Social Security or FICA taxes on these expenses.

What Qualifies for Transit Reimbursement?

  • Qualified Parking Expenses
  • Transit Passes and Fare Card Costs
  • Commuter Highway Vehicle