A WageWorks® Commuter Parking Account is a pre-tax benefit account used to pay for parking as part of your daily commute to work. It’s a great way to put extra money in your pocket each month and make your commute more convenient and affordable.
Why enroll in WageWorks Commuter Parking Account?
No waiting—sign up any time to start saving—and no “use it or lose it” as long as you’re enrolled
A Commuter Parking Account lets you pay for qualified parking expenses on a pre-tax basis. The money you contribute your account is not subject to payroll taxes, so you end up paying less in taxes and taking home more of your paycheck. Even if you pay for parking for work only a few days a week, a Commuter Parking Account still saves you money.
Use this calculator to see how much you can save with a Commuter Parking Account.
Your Estimated Tax Savings with a Commuter Parking Account
A Commuter Parking Account is a monthly account. Simply decide how much to contribute to your Commuter Parking Account up to the allowed monthly limit. The IRS sets the contribution limits. You can contribute up to a maximum of $255 per month to your Commuter Parking Account. A different limit may apply to you according to your employer’s plan.
Use this calculator to estimate your monthly eligible expenses and determine a monthly Commuter Parking Account election amount that’s right for you.
You can pause, change, or cancel contributions to your account at any time. There's no "use it or lose it" policy with your Commuter Parking account. Available balances can be rolled over year to year. But keep in mind that if you stop working for your employer, you forfeit any unspent money left in your account.
You can enroll in a Commuter Parking Account at any time—there’s no need to wait for the next Open Enrollment period.
If you have questions about enrolling in a WageWorks Commuter Parking Account, contact the person or organization managing your benefits enrollment.
It's easy to place a parking order. Just log into your WageWorks account and click the Place Your Order button under Commuter Parking Account.
If you pay for parking as part of your commute to work, it’s almost certain your WageWorks Commuter Parking Account can make your commute easier and more affordable.
WageWorks works with parking providers in all 50 states and in more than 350 metropolitan areas nationwide, so you’re sure to find a lot or garage at or near work or at or near public transportation that works with WageWorks. Use your account’s convenient geomapping feature to easily find your parking spot.
WageWorks makes saving simple. You decide how much to contribute to your Commuter Parking Account each month. Funds are withdrawn automatically from each paycheck for deposit into your account before taxes are deducted.
Need to make a change? It’s simple. Just log into your WageWorks account to add or change your parking location, or pause, change, or cancel contributions to your account.
Depending on your employer’s plan, you may:
Payment options include:
Learn more about these payment options.
WageWorks makes it easy to manage your Commuter Parking Account. Log into the WageWorks secure web portal to manage all aspects of your WageWorks account:
The WageWorks EZ Receipts mobile app puts the power of the WageWorks web portal in the palm of your hand. Download this handy app to your mobile device, log in to your account, and check balances, submit claims, view transactions, snap photos of receipts, get account alerts by text or email—all on the go!