The take care Commuter Benefit Program lets employees pay for the expenses of parking near their place of employment and travel to and from work.
Employees set aside a certain amount of each paycheck into an account - before paying income taxes.
During the year, participants may access this account for transit and parking expenses. Payments from the account are tax-free to employees.
Monthly expense limit for 2012 is $230.00 per month for parking.
Monthly expense limit for 2012 is $125.00 per month for transit passes and commuter highway vehicles. |