Flexible Spending Accounts, Health Reimbursement Accounts- Employee Benefit Administrator

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Transit & Parking

Qualified Transportation Plans allow employers to offer a tax break to employees with qualified transportation expenses related to their employment.

The following benefits can be offered on a pre-tax basis through a transportation plan:

Transit Passes
These are any pass, token fare card voucher or similar item entitling a person to transportation (or transportation at a reduced price) if it is on mass transit facilities or provided in a highway vehicle eligible for use in van pooling.

Van pooling
This means transportation to and from an employee’s residence, but only if the transportation is in a “commuter highway vehicle” that seats at least six adults plus the driver. At least 80% of the vehicle’s use should be for transporting employees between their homes and their jobs. Employees must use at least half of the seating capacity for such trips.

Qualified Parking
This is parking provided to an employee at or near the employer’s business premises. It also includes parking at or near a location from which the employee commutes to work by mass transit, van pooling, in a commuter highway vehicle, or by car pool. (Parking at or near the employee’s home does not qualify)