Commuter Benefits
To ease the cost of your commute to work, the WSP USA commuter benefits program lets you set aside pre-tax dollars from your paycheck to help pay for monthly parking or transit costs. It’s easy and flexible. You can save on taxes and enjoy convenient automatic payment and delivery features.
It’s important to make sure you spend your commuter benefits program dollars only on expenses deemed eligible by the IRS. Also, keep mind that pre-tax transit or parking funds left in a commuter account are forfeited once you leave the company. Any post tax funds in your account will be returned to you by HealthEquity, directly to your address on file.
Eligible Expenses
Eligible expenses for the commuter benefits program include:
- Bus, light rail, regional rail, streetcar, trolley, subway or ferry
- Vanpool
- Parking at or near work
- Parking at or near public transportation for your commute
Ineligible Expenses
Ineligible expenses for the commuter benefits program include:
- Parking costs that are not work-related
- Mileage and tolls
- Taxis and limousines
- Parking at an airport for air travel
How to Enroll Using the Program
You must enroll by the 10th of the month to receive the following month’s commuter benefit. To register, please visit https://www.healthequity.com, click “Employee login,” and select “Register”. To register, you’ll need to answer a few simple questions and create a username and password.
Based on IRS rules, you may make pre-tax contributions up to monthly maximums. You are also permitted to contribute post-tax contributions more than the IRS limits. Your pre-tax and post-tax contributions are taken from the last paycheck of each month.
| 2024 Monthly Pretax Contribution Limits | |
|---|---|
| Transit | $315 pre-tax |
| Parking | $315 pre-tax |