Services:BASIC COBRABASIC FlexBASIC HRABASIC HSABASIC ParkingFAQsSubmit ExpensesBASIC Payroll PlusResourcesWeblinks

BASIC Parking

What is Parking? 

If you pay to park for work, if you ride public transportation to work, you can enjoy significant tax savings by using BASIC Parking, a plan based on Section 132 of the Internal Revenue Code (IRC).

This code allows you to payroll deduct wages for reimbursement of your work related parking and transit costs. 

Parking:
2008 you can deduct up to $220 per month. 
These limits are determined each year by the IRS.

Transit:
2008 you can deduct up to $115 per month.
These limits are determined each year by the IRS.

Click here for more detail information.

phone

Contact our Parking Department.
800-444-1922 X 243

 

All content ©2006 BASIC Powered by Foxbright CMS for Business