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Park smart

Employees use pre-tax dollars to pay for parking near work, or near where they catch mass transit to work.

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Mass transit too

Employees who use mass transit or a qualified van pool arrangement to get to work, can pay for that expense with pre-tax money.

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Commuter Assist, Parking and Transit Admin

Before the start of the plan year, individual employees elect to set aside a certain amount of pre-tax salary to cover qualified costs to commute to work and park their vehicle while they work. The employee will designate an amount (up to $105 per month in 2006) for mass transit expenses and a separate amount (up to $205 per month in 2006) for parking expenses. These accounts must be kept separate, and funds cannot be transferred between them. More . . .

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