Introduction
Find all the answers to our frequently asked Commuter Benefits questions here.
Table of Contents
- Can I redeem my commuter benefits for cash?
- Can I use my Commuter Benefits for Uber, Lyft, and other rideshare services?
- Can I use my Commuter Benefits to pay for tolls & gas?
- How do Commuter Benefits work?
- How do I get my Commuter Benefits?
- How do I use my Commuter Benefits?
- What is a Pre-tax Election?
- Can I get a refund on Pre-tax funds?
- What is an Employer Subsidy?
Can I redeem my commuter benefits for cash?
No, Commuter Benefits cannot be redeemed for cash.
Can I use my Commuter Benefits for Uber, Lyft, and other rideshare services?
Uber and Lyft rides are not currently supported Commuter Benefits purchases. In the meantime, we recommend checking out your organization's commute website for the commuting options available to you.
Can I use my Commuter Benefits to pay for tolls & gas?
Bridge tolls, road tolls, and gasoline are not eligible expenses to be covered by your Commuter Benefits.
How do Commuter Benefits work?
Commuter Benefits allow employees to allocate pre-tax dollars from their paycheck to be used for commuting expenses. Employees are able to elect the amount of pre-tax dollars to allocate for their Commuter Benefit, up to the IRS limit of $300 per month. In some cases, employers also subsidize additional funds for employee commuting costs each month.
How do I get my Commuter Benefits?
After making your benefits election on your employer's commute website, your benefits are accessible at the beginning of the following month.
How do I use my Commuter Benefits?
Use your Commuter Transit Card to purchase transit fare and passes at any qualified transit terminal that accepts Visa. Please note, your Commuter Transit Card cannot be used for Lyft, Uber, or other rideshare services.
Use your Commuter Parking Card to purchase parking at any qualified parking terminal that accepts Visa.
What is a Pre-tax Election?
A pre-tax election is specific amount of money you determine to be take out of your paycheck on a pre-tax basis, to be used for your commuting expenses. According to the US Tax Code, participants are able to elect up to $300 for their pre-tax election.
Can I get a refund on Pre-tax funds?
Per the guidelines from the IRS, pre-tax funds are non-refundable after the election period in which you made the pre-tax election closes.
What is an Employer Subsidy?
An employer subsidy is an additional benefit that some employers offer in the form of employer-provided money that may be used for commuting expenses. Click this link to learn more.