Commuter Benefit Plans

The costs for commuting to and from work can really add up. Setting up a Commuter Benefit Plan allows employees to set aside part of their pay into a pre-tax account (no payroll tax is withheld) that can be used towards work-related parking, mass transit passes and vanpooling costs. Employees can save up to 35% on commuting costs and the employer gets the benefit of payroll tax savings.

What are the Different Types of Commuter Benefits?

Mass Transit

A Mass Transit account is designated for eligible transit expenses such as bus fares, train fares, subway fares or vanpooling costs an employee purchases to commute to work.

Qualified Parking

A Qualified Paraking account is designated for eligible parking expenses such as parking garages and parking lots where an employee parks their while at work.

IRS Commuter Benefit Limits

Transportation Fringe Benefit

2022

2023

Parking

$280/month

$300/month

Mass Transit

$280/month

$300/month

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Frequently Asked Questions

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We’re a global consultancy that helps the world’s most ambitious change makers define the future. Across 59 offices in 37 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition and redefine industries.

Lorem Ipsum is simply dummy text of the printing and typesetting industry.?

We’re a global consultancy that helps the world’s most ambitious change makers define the future. Across 59 offices in 37 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition and redefine industries.

Lorem Ipsum is simply dummy text of the printing and typesetting industry.?

We’re a global consultancy that helps the world’s most ambitious change makers define the future. Across 59 offices in 37 countries, we work alongside our clients as one team with a shared ambition to achieve extraordinary results, outperform the competition and redefine industries.