The Commuter Benefit Account allows employees to 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.
Payments for qualified expenses are tax-free. Participants may purchase parking and transit passes through WageWorks Commuter Express or pay qualified expenses directly from their flex account with the take care® Card.
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