Commuter Expense Program
The Commuter Expense Reimbursement Program gives employees the ability to pay for qualified transportation expenses with pre-tax dollars. This means you can set aside a portion of your salary, before taxes are calculated, and use that money to pay for work related parking and public transportation. The amount set aside is completely exempt from federal income taxes and Social Security (FICA), as well as California income taxes.
Transportation expenses are defined as expenses incurred for a pass, token, fare card, voucher, or similar item for transportation (a) on mass transit facilities including BART, Muni, ferry, cable car, etc., or (b) in a Commuter Highway Vehicle (Vanpool) if such transportation is in connection with travel between your residence and place of employment. A Commuter Highway Vehicle is any highway vehicle with a seating capacity of at least six adults (not including the driver), and for which at least 80% of the mileage is for the purposes of transporting employees in connection with travel between their residences and their places of employment.
Parking expenses are defined as expenses incurred to park your car on or near the business premises of your employer, or expenses incurred to park your car at a location from which you commute to work by (a) mass transit, (b) Commuter Highway Vehicle, or (c) carpool.
Commuter Expense
For Parking Expenses- $315 / month
For Transportation Expenses- $315 / month (transit/van pooling)
Please take the time to acquaint yourself with the plan information, benefits, and reimbursement procedures by reviewing the attached plan handbook. For additional information on the Commuter Expense Program, please review the Transportation Program handbook.