Section 132 Flexible Spending Accounts (Parking/Transportation)

Parking Reimbursement Accounts

Parking Reimbursement Accounts allow employees to set aside pre-tax dollars to pay for eligible parking expenses.

Eligible parking expenses include monthly, weekly or daily fees you incur to park a vehicle near your place of work.  It can also mean parking fees paid near a location from which you commute to work by mass transit.  It does not include parking fees on or near your residence.

Transportation Reimbursement Accounts

Transportation Reimbursement Accounts allow employees to set aside pre-tax dollars to pay for eligible mass transit expenses.

Eligible mass transit expenses include any pass, token, fare card, voucher or similar item that entitles you to use a mass transit system (bus, train, subway or ferry), whether privately operated or public, for the purpose of commuting to work.  Mass transit expenses do not include taxi fares, gas, mileage, maintenance or tolls.