Commuter FSAs help pay for expenses incurred commuting to and from work for transit and parking.
What is a Commuter FSA?
A Commuter FSA is a pretax benefit account used to pay for qualified parking and public transit, such as trains, subway, buses, ferries and/or vanpooling expenses as defined by Internal Revenue Code (IRC) 132. It allows you to pay for workplace-related commuter expenses on a tax-free basis through payroll deduction.
Funds are not tied to a specific plan year and are available to be used until they are exhausted.