Whether you take public transit, vanpool, or park your car at the station, you can save on your work commute and help the environment too. With commuter spending accounts, you can contribute before-tax and after-tax payroll deductions into transportation and/or parking accounts to pay for eligible commuting expenses.
In 2024, you can contribute up to $315 before tax for transit and up to $315 before tax for parking each month. For 2025, the pretax limits are $325. If needed, you can contribute more after tax to cover your total monthly commuting expenses.
For more information, visit Inside Verizon.
