Save money on work-related transit and parking expenses.
If you travel to and from work using public transit or pay for parking near work, the commuter reimbursement benefit allows you to pay for those expenses using before-tax dollars set aside from your pay. The great advantage is that you don’t pay federal taxes on your contributions, thus lowering your taxable income.
Based on current IRS limits, you can contribute up to $300 per month for public transit expenses and up to $300 per month for parking expenses.
You can make changes to your Commuter Reimbursement Account contributions throughout the year to meet your changing commuter needs. Changes made by the 10th of the month will apply for the following month (e.g., July 10 is the deadline for making changes for August).
Once you create your account, you can order transit and parking passes, set up automatic renewals, track your order history and more.
Our administration partner for this benefit is MetLife. You can set up and manage your Commuter Reimbursement Account through the MetLife Participant Portal for the DXC Spending Accounts.
What to consider
- Eligible public transit includes trains, buses, subways, ferries and vanpools.
- Tolls are not a qualified commuter expense.
- If you have moderate to high commuter or parking expenses, a commuter reimbursement account could help reduce how much you pay in taxes.
CRA Section of Benefits Guidebook: Learn More