Parking Benefits

How It Works

Commuter benefits can add up to some serious tax savings. But how? You save money on taxes every month you participate (no waiting until the end of the year), which means more money in your pocket each month. Savings can add up to a whopping 40%. Check out our calculator to estimate just how much you’ll save.

Have a question? See our FAQs below.

Ready to find out just how much you’ll save with commuter benefits?



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FAQ

Got a question? We’ve got lots of answers!

How do commuter benefits save me money?

What are the different types of commuting expenses covered?

What are the current monthly tax-free allowable limits?

What’s not covered?

How do I get my commuter benefits?

How do I use my commuter benefits?

Can I redeem my commuter benefits for cash?

What if I don’t use all my allocated commuter benefit funds?

Sounds like a pain. How complicated is it, really?

Download full FAQ sheet

Commuter Benefits versus FSA

Commuter Benefits Flexible Spending Account (FSA)
Sign up anytime you want! Can only sign up once a year. If you miss the deadline, you miss out.
Funds can be carried over month to month into the next calendar year. No limits Can only rollover a maximum of $500 at the end of the year.
Annual limits are $255 monthly or $3,060 yearly for transit or parking. Combined transit and parking limits are $510 monthly or $6,120 yearly. $2500 annual limit. Difficult to gauge how much you’ve spent throughout the year.
No receipts or documentation required*. You don’t have to keep track of your voucher/card usage. You have to keep all your receipts and documentation.
*The Commuter Check Auto Sweep Prepaid Mastercard may only be used for qualified commuter benefit purchases in accordance with IRS Tax Code 132(f). No cash or ATM access. This card may not be used everywhere Debit Mastercard is accepted.

The Commuter Check Auto Sweep Prepaid Mastercard is issued by The Bancorp Bank pursuant to license by Mastercard International Incorporated. The Bancorp Bank; Member FDIC. Mastercard is a registered trademark of Mastercard International Incorporated.