Transit reimbursement allows you use pre-tax salary dollars towards work-related commuting costs like transit passes and van-pools.
In 2023, this allows you to save:
• Up to $300 (max) per month for van pooling and transit passes.
Transit balance is accrued through deferrals from your payroll. There is no minimum deferral amount. Total usage is tracked monthly and limited to the IRS max above.
Transportation Reimbursement Account can be rolled over from month to month and year to year while you are actively employed with your company so you won’t lose your unused funds. You are not able to use the transportation funds for expenses incurred after your last date of service with your employer.
You must use your Benny Card to be reimbursed from your Transit reimbursement account.