Save Big with take care by WageWorks Commuter
If you make $60,000 a year and make the maximum contribution to your take care® by WageWorks Commuter account for transit and parking, you could take home $1,872 more in one year. That’s real savings!
| Your Estimated Tax Savings | |||
|---|---|---|---|
| Without Commuter Account | With Commuter Account | ||
| Gross annual pay (estimate) | $60,000 | Gross annual pay (estimate) | $60,000 |
| Estimated tax rate (30%) | -$18,000 | Max. annual commuter transit contribution | -6,240 |
| Net annual pay | =$42,000 | Adjusted gross pay | =$53,760 |
| Estimated annual commuter expenses | -$6,240 | Estimated tax rate (30%) | -$16,128 |
| Final take-home pay | =$35,760 | Final take-home pay | =$37,632 |
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Take home this much more with a Commuter Account $1,872
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All figures in this table are estimates and based on an annual salary of $60,000 and maximum contribution limits to the benefit account. Your salary, tax rate, healthcare expenses, and tax savings may be different.
Calculate Your Savings
Calculate how much more money you could take home when you use take care by WageWorks Commuter Account.
Choose Your Profile
- Transit Rider
- Vanpool
- Park at or near work
- Park and Ride
Transit Expenses
These are average monthly transit expenses for your profile.
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Vanpool Expenses
These are average monthly vanpool expenses for your profile.
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Parking Expenses
These are average monthly parking expenses for your profile.
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The IRS has set the current monthly tax-free allowable limit for transit at $245.