Commuter Reimbursement Accounts (CRAs) help you save money by allowing you to pay for certain types of commuting expenses on a pre-tax basis.
You decide how much money to put aside each pay period to cover these expenses up to the maximum allowed. This amount is then deducted from your pay before taxes and deposited into your CRA. When you need money to pay for an eligible expense, you can get reimbursed using a variety of reimbursement methods.
Commuter Reimbursement Account-Parking
Eligible expenses include:
- Parking lot expenses
- Mass transit parking facilities
- Carpool
Monthly contribution: $340 maximum per month
Commuter Reimbursement Account-Transit
Eligible expenses include:
- Transit pass
- Tokens
- Van pool
Monthly contribution: $340 maximum per month