The Transportation Benefit Program saves you money on taxes if you commute to and from work using public transportation and/or you pay for parking at or near work. Once you sign up, funds are deducted from your paycheck automatically on a pre-tax basis, lowering your taxable income. For 2020, the maximum pre-tax transit contribution is $270 per month and $270 per month for parking.
The program is administered through TRI-AD. You’ll receive a Mastercard debit card that you can use to pay providers at the time of service directly from your transit and/ or parking account. If a parking facility doesn’t accept debit card payments, you can pay out-of-pocket and submit a reimbursement request from your account. If you are enrolled in a Flexible Spending Account, the Transportation benefit will be added to your Mastercard FSA debit card.