Commuter Benefits from ConnectYourCare
Reduce your commuting expenses by taking advantage of Commuter Benefits. The IRS allows for certain work-related transit and parking expenses to be deducted from your paycheck on a pre-tax basis. Because you do not pay taxes on these expenses, you can SAVE BIG!
For tax years beginning after January 1, 2018, the IRS allows up to $260 a month pre-tax for commuter costs and up to $260 a month for parking costs to be deducted pre-tax. Any amount beyond that becomes a post-tax deduction.