WageWorks Commuter Benefits Increase 2019

Iconix NY Team:

In 2019, the IRS-mandated limit for pre-tax contributions to commuter benefits accounts are:

  • $265 per month for transit expenses.
  • $265  per month for parking expenses.

Keep in mind, the pre-tax contribution limit applies to the combined total of both employer and employee contributions. Contributions over $265/ month for transit or $265/ month for parking are loaded onto the card as post-tax contributions.

  • Post-tax deductions for contributions over the limits are listed on paychecks.
  • Both post- and pre-tax funds can be used for a single transaction.