If you take public transportation or drive to work, you can save up to 25% to 40% on the cost of your commute, depending on your tax bracket. Participate in the Commuter Benefits Program and you can contribute before-tax dollars to Transportation or Parking accounts or both, up to the IRS maximums.
- If you take public transportation—including the train, bus, subway, vanpool or ferry—you can contribute up to $270 per month in 2021 for eligible expenses.
- If you drive and park your car, you can contribute up to $270 per month in 2021 for eligible parking expenses.
- You can enroll in, change or stop your contributions at any time during the year.