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