How does WageWorks parking work?

Once enrolled in WageWorks Parking Commuter Benefits, your employees can pay for parking using pre-tax dollars. Funds are moved to a parking account before taxes are deducted. While parking costs remain the same, your employees end up saving money because of the pre-tax deduction.

On what day are the funds loaded onto the WageWorks parking card?

When will my WageWorks Commuter Card be reloaded? Your WageWorks® Commuter Card will reload automatically on the 20th of the month prior to each benefit month (for example, on June 20 for your July benefit month).

Can you use FSA for parking?

Parking fees – You can use your FSA/HSA to pay for parking at a hospital, doctor’s office, or a nearby parking garage while receiving treatment. You cannot claim parking costs if you stop for personal reasons (e.g., a meal or shopping) on your way to or from your appointment.

Can you use WageWorks for gas?

Are highway tolls, commuting mileage, taxicab fares and fuel eligible? No. Only qualified workplace mass transit and parking expenses are eligible. Costs to maintain or use your personal vehicle are not included.

Can I use my FSA card for gas?

You can use them just about anywhere and for just about anything. Grocery stores, pharmacies, gas stations, clothing shops, doctors’ offices, bus stations … you name it, you can probably pay with a card there.

How do you spend FSA parking?

There are three ways to use your Commuter Parking Account to pay for eligible parking expenses:

1. Pay My Provider. You can arrange for your parking provider to be paid directly from your account.
2. Pay Me Back.
3. Pay By Prepaid Card.

What can I do with leftover commuter benefits?

Any unused commuter benefits funds will be returned to the company’s bank account. Per IRS regulations, your employer can’t refund your unused commuter benefits funds back to you. However, you can submit claims for eligible expenses incurred during employment for up to 90 days.

How do you pay for parking with WageWorks?

Pay By Prepaid Card. Depending on your employer’s plan, you may use the convenient WageWorks Commuter Parking Card to pay for eligible parking expenses directly from your account. Was this answer helpful to you? YesNo PermalinkShare How do I enroll in a Commuter Parking Account?

How does pay me back work for parking?

You can arrange for your parking provider to be paid directly from your account. Pay Me Back. You can have funds deposited directly into your bank account or a check mailed to reimburse you for eligible parking expenses you’ve already paid.

How much do I pay for parking per month?

It’s a great way to put extra money in your pocket each month and make your commute more convenient and affordable. You may contribute to your account up to $270 per month on a pre-tax basis to pay for parking expenses, which means you end up paying less in taxes and taking home more of your paycheck.

How much can I contribute to a commuter parking account?

You may contribute to your account up to $270 per month on a pre-tax basis to pay for parking expenses, which means you end up paying less in taxes and taking home more of your paycheck. Plus, you can opt to have your parking provider paid directly taking one item off your to do list.