Page 22 - Work Life and Benefits Booklet 2020 SDC EDC

COMMUTER BENEFITS

IMPORTANT COMMUTER
The Commuter Benefits program lets you save money on your commuting costs by paying for qualified, BENEFITS RULES
work related transportation (tokens, vouchers and fare-cards or qualified carpooling) expenses and
parking expenses through pre-tax payroll deductions. These plans are administered through Igoe.
Commuter benefits are not subject to the
Debit Card FSA tax rules.

You will receive a debit card (it’s the same card if you participate in the FSA) that will contain your monthly There is no mandated “use-it-or-lose-it”
election to purchase commuter passes or pay for parking fees. The commuter benefits are arranged provision and funds can carry over into
under Section 132 of the IRS code and have specific rules on how IGOE manages this benefit. future dates.

When using the card, please be advised of the following IRS rules:
• The IRS imposes a monthly limit. Even if you have a balance available, the card will decline if your card About your Debit Card
use would exceed the monthly transaction limit in force as of the day of your card swipe.
• Due to IRS ruling 2014-32, there is no longer manual cash reimbursement for commuter/transit One debit card for FSA & Commuter
Benefits.
benefits. You must use your debit card to make purchases.
Card are cash value and carry the balance
For full details, visit the Hub & Spoke. in your account on the day of the card
swipe.
For 2020, you may contribute: Card swipes apply to the monthly limit in

which the purchased occurred.

Up to $270 per month to pay for Up to $270 per month to pay for
qualified transit expenses, pre-tax. qualified parking expenses, pre-tax.