The commuter assistance program allows you to have pretax deductions taken from your pay to cover eligible expenses associated with your daily commute to work. You may elect a transit account (public transportation), parking account (non-JHU), or both. The amounts are excluded from your taxable income up to the amount allowed by the IRS.
For tax year 2017, the pretax spending limit for mass transit will remain the same as in 2016, at $255 per month. The limit for non-JHU parking also will remain unchanged, at $255 per month. For those employees in the Washington, D.C., area, the JHU Commuting-to-Work Program complies with the transit amendment to the Clean and Affordable Energy Act.
WageWorks, our commuter benefits provider, offers transportation passes and automatic payment of your monthly non-JHU parking fees. It's a great way to put extra money in your pocket each month and make your commute more convenient and affordable.
For more information or to enroll in the commuter program, visit www.wageworks.com or contact WageWorks at 877-924-3967. You do not need to wait for annual enrollment—sign up anytime to start saving.