Pretax Commuter Overview
Commuting to work each day can be expensive. The Pretax Commuter program offered by your employer will help you save money on your commuting costs along with the convenience of home delivery of your orders. Benesyst provides these services through an easy online enrollment and benefit management program.
Your employer is also committed to preserving the environment and reducing its carbon footprint and wants to encourage its employees to contribute to these efforts by taking public transportation.
Why should I use the Pretax Commuter program?
The Pretax Commuter program allows you to use tax-free dollars to pay for your commuting expenses and you can reduce your commuting costs by up to 40%.
What are the monthly pretax limits?
Effective January 1, 2013, pretax deductions are allowed up to the limit of $245 per month for public transportation, vanpooling and an additional $245 for parking. You can participate in both parking and transit at the same time (park-and-ride).
**Update October 31, 2013**
On October 31, 2013, the IRS published guidance on the pretax limits for 2014 (beginning January 2014). Unless further legislation is passed prior to year end, the pretax deduction will decrease to $130 per month for public transportation and vanpooling. The pretax deduction for Parking is scheduled to increase to $250.
What other benefits does it give me?
Benesyst provides home delivery of transit products. Your desired fare passes or tickets will be sent directly to your home. You can also set up your order to be recurring, so you don't have to do anything until you want to make a change.
What expenses can be pretax?
- Mass transit—may be publicly or privately operated and includes bus, rail and ferry.
- Van pools and Commuter highway vehicles
- Qualified Parking—parking at or near your place of employment or parking at a location from which you commute such as park-and-ride is a qualified expense.
How do I sign up?
You can enroll any month online. You must make your selections by the 10th of the month to receive your order by the first day of the of the following month. (Please note that certain Transit Authorities, including the Long Island Rail Road and Metro-North Railroad require orders to be placed by the 4th of the previous month).
Do I need to submit any receipts?
You do not need to submit any receipts when you order your passes online.
Can I order the exact pass that I use now?
Yes, we offer more than 100,000 different types of tickets and passes. If you don't see what you need, contact us and we'll add it for you.
Do I have to remember to place my order each month?
No, you can set your order up as recurring, and can elect to receive monthly reminder that you have an order.