If
your employer participates in the commuter choice programs, you may choose
to use pre-tax income to pay for transit and vanpool fares and parking
costs. The amount you choose to set aside for this purpose may not exceed
the actual cost to you of your parking and transit costs. You can use
up to $230 per month for transit and vanpool fares and/or up to $230
per month for qualified parking.
To
estimate your savings by using this program, just use the calculator
below.
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Federal Tax
Rate
Please
enter your federal individual income tax rate. |
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State Tax Rate
Please enter your state individual income tax rate. |
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Transit
and Vanpool Fares
Please
enter the amount of money (use a whole dollar amount) you will spend on
transit and vanpool fares per month. This amount must not exceed $230 or
the amount you actually spend each month on transit and vanpool
fares. |
$
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Parking
Costs
Please
enter the amount of money (use a whole dollar amount) you will spend on
parking costs per month. This amount must not exceed $230 or the amount
you actually spend each month on parking costs. |
$
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Estimated
Employee Annual Savings: |
$0.00 |
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